June 24, 2005
SpeculatingStocks.com Stock Pick: Applied Digital Solutions, Inc. (ADSX)
Stock Price: $3.43 (short-term strong buy)
Applied Digital Solutions, Inc. is an advanced technology development company involved in radio frequency identification (RFID), systems integration, and telecommunications. Their main focus is RFID through ADSX and their majority owned company Digital Angel Corp (DOC).
It is clear that ADSX will once again be in play on Monday and possibly throughout the entire week. Mad cow disease has reared its ugly head and everyone is looking to play this situation. One mad cow case may not seem dire, yet these cases get so much attention every time they pop up, its hard to ignore. It will only be a matter of time before a more sophisticated tracking system is called upon.
ADSX has the solution to track livestock back to the source. For more information, look at their Security for Livestock / Food Safety link within animals under Security for...
Away from ADSX being a major mad cow play, the company has received FDA approval for its patented human implantable computer chip, a device that holds medical information in case of patient emergency.
ADSX has been stuck in the $3.00-$4.00 range for over three months now and should break strong to the upside once volume picks up again. Mad cow will bring investors in the door and word will spread of the other benefits this company has to offer.
SpeculatingStocks.com Target Price: We believe ADSX will break above $5.00 within the next 1-2 weeks.