Posted on 04/04/2002 5:01:33 AM PST by StriperSniper
Edited on 07/19/2004 2:09:59 PM PDT by Jim Robinson. [history]
PALM BEACH, Fla.--(BUSINESS WIRE)--April 4, 2002--Applied Digital Solutions, Inc. (Nasdaq: ADSX), an advanced technology development company, announced today that it has received written guidance that the U.S. Food and Drug Administration (FDA) does not consider VeriChip(TM) to be a regulated medical device.
(Excerpt) Read more at quote.bloomberg.com ...
3 chips:
- Verichip is used for medical ID purposes.
- Thermochip(?) will generate electricity from body heat.
- Digital Angel(tm) (ADSX & DOC merged to market this) will give a
"where are you, how are you" security. It apparently will give not only
your position via GPS, but also relay vital signs (pulse, BP) to web-based
tracking applications.
From a secular standpoint, it's good stuff.
From a Christian standpoint, it scares me to death!
Even so Lord Jesus, come!
Until it is mandatory, but I guess that is the point where the Biblical part comes in.
I'll sell when it hits 58-60, and buy more when it drops into the low 40's.
Given the hx of ADSX, it's been a sure fire way to pick up 16-18% on each transaction.
BTW, anyone reading this beware. This is a volatile offering, and what has worked for me in the past (twice) might backfire on you.
That being said, I think ADSX is ready to be purchased by someone (IBM, Microsoft?). And that would be good....
What OSIS up to?
PCW is still up 8% (+/-) since I purchased it.
The OSIS closed at $22.94, I loaded up on cheap calls this week as it is down to it's 50 MA and ready for another run. There should be an announcement by the middle of next week for a contract of at least $10 million. INVN just got an order from the TSA for $148.6 million like last month. OSIS makes the front end for the INVN machines, and last month got an 'initial' order about a week later.
After that order OSIS ran to an all time high of $28.97. The earnings are coming up in the first week in May, $.12 is the estimate vrs. $.04 last year. Last quarter the company guided higher a few weeks before earnings and I'm hoping they will again.
If all goes right, it could hit a new high within 6 weeks. With my calls, I hope sooner.
ALL - The above is just a reasoned guess, not investment advice. Please do your own due-diligence.
ADSX did 37% today. Like I said, something big is up.
I'm dumping 3/4's of my shares and take the profit.
I'll rebuy when it heads south to the high 40's.
The lows and highs are becoming increasingly elevated.
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