[SPADAGG]

I’m reading good news about Applied Digital Solution Inc. (ADSX - Nasdaq), a company engaged in RFID system (I read very good perspective about this sector, in wich ADSX is a leader).
What about this company? Is really very good?
Thanks.

[rock]

Bad time for RFID right now. It has proved to be too costly for suppliers. They don't care for the use of them as the benefits are just not there. Lots of companies have unsuccessfully tried to implement the systems.

[Soultrader]

Originally Posted by SPADAGG »

I’m reading good news about Applied Digital Solution Inc. (ADSX - Nasdaq), a company engaged in RFID system (I read very good perspective about this sector, in wich ADSX is a leader).
What about this company? Is really very good?
Thanks.

Hi SPADAGG,

Welcome to Traders Laboratory. Regarding your post, I am going to be dead honest with you. There is the insiders and the public. There is inside information and news. Now the public loves news. They buy on good news and sell on bad news. Large skilled operators sell on good news. Stock manipulation exists all the time. They shake out the weak hands and the public who buys at tops. Why do you think there is always a big volume spike before a reversal?

My personal advice is to not buy/sell any financial instrument based on another mans opinion. Is there something that your neighbor would know that you wouldnt? Buying/selling a stock on a tip is a very dangerous thing to do. What if the person who gave you the tip already sold when you are still long? When do you get to know this?

I am not saying ADSX is a good or bad stock. All I am trying to say is that whatever you decide to do, make sure it is based on your opinion and not mine or any other person. (including analyst) You are risking your hard earned money... dont let anyone play with it or convince you in risking it without understanding the reason yourself.

[Happyguy]

Hey Soul,

I agree with your excellent insight. If anyone has to ask someone's opinion before buying or selling a stock, the trade is doomed from the start.

[wsam29]

What was the ticker symbol again?