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Get a new broker
Yep.. I will be dumping tomorrow no matter what I think.. On to the next big thing (any idea where that is?)
Nothing wrong with taking a profit!
Nope...
yep some micro cap fund I think
I expect all of the hot money left in this stock to sell out on the earnings news, good or bad.
Today was the first day in the last 4 that etrade had shares available to short. I need a better broker, would have liked to have shorted more at 23. Looks like those who were lucky enough to get shares at that level went ahead and covered (as the shares became available today). I will stay short until $10 at least. If it's not there by the next earnings announcement (March) after earnings it certainly will be.
Not doing much today, still waiting for $25, $50, $500...
I am here to give my opinions. Take em or leave em.
Think of penny stocks and short term trading as playing the lottery.. Only play with what you can afford to lose and view it as entertainment. If you actually want to invest for the long term and see your money grow buy an index fund.
Yup! Join the club :)
you will lose your money 10x faster trading stocks if you don't know what you are doing...
Yeah, that 10% isn't guaranteed when you day trade... if you take the long term approach you will make more money...
No I didn't...
Don't do it.. save your money and buy an index fund.. thanks for posting.
lol you are talking about people being biased when 95% of the people on this board post nothing but "to the moon" comments with no facts at all??
The article was well written, you can actually fact check his analysis if you don't believe the numbers. Everyone has an agenda but at least he gives reasons for being bearish (check my post history - i explain why I am bearish here as well).
Investors love new deals about debt restructuring... So exciting...
Have been wondering the same thing. I came to the conclusion that it would be akin to him yelling fire in a crowded theater. If he is trying to keep the company afloat (get loans etc) it will look a lot worse if he is selling out. I could be wrong, maybe he is reading the message boards and believes the stock is going to $500 LOL.
Great article, thanks for sharing!
I will cover after earnings at $8! Looking forward to it, i shorted at $24 and then again at $16... Pretty happy with this trade so far
You know the company sold 1.1M shares at $10 right? If they knew that sales were great and that the price would go to $30 after earnings, they would wait until then to sell the shares. The COMPANY SOLD at $10. You have the opportunity to sell today at $11. I would take that opportunity before this stock goes down to $8 after earnings.
this stock NEEDS high volume to go up. Unless there is a ton of volume, this stock will go down...
good luck.. remember, buy low and sell high (or sell high, buy low if you want to short). the stock was $3 just a few months ago, now it's $20... you didn't get unlucky, a reversion to the mean was statistically more likely than the price continuing to increase.. if the price kept going up you would have been lucky. No offense meant, I'm just trying to educate. PhDs in finance study the stock market and I read their papers. I used to read the nonsense of pumpers on these message boards.. Started making money when I stopped listening to pumpers and started listening to academics.. Here is an example of a good paper:
http://www.regie-energie.qc.ca/audiences/3630-07/Audience3630/Engag/C-8-32_ACIG_JLakonishok_3630_6sept07.pdf
You called it... selling got stronger.
You told me $50 per share.. Not seeing it.
what does L2 show, can you post a screen shot? Looks like it is trading down in pre market. I was right - gap down :)
Not watching L2.. waste of time IMO
fat gap down right? ;)
If this goes to 50 i won't mind, i have plenty of margin to weather that move and i will just short more.
Large stocks are harder to manipulate and their prices can stay irrational for much longer than a small stock.
Yes it's everywhere, meaning the trade is over! Buy fear, sell cheer. I knew this was a good short when i came to the board and saw nothing but pumpers after a 1000% move.
I hope you come to your senses before you lose all of your money.
If you have a large database of stock prices (which I do) you can look at the data and see what actually has happened in the past when some event occurs.
For example, value stocks (low price to earnings, or price to book value) have historically outperformed growth stocks (high price to earnings, or high price to book value). DGLY has negative earnings (not good), and I just calculated it's book value:
book value = total assets - intangible assets - total liabilities
per DGLY's last 10-Q:
total assets = $17,794,601
intangible assets = $275,612
total liabilities = $11,019,091
so book value = $6,499,898
assuming there are still only 3,010,507 shares o/s, the company's market cap as of friday close is $59,698,353.
Thus, it's price to book is $59,698,353/$6,499,898 = 9.11
I believe the typical stock has a price to book = 2.5 right now. So this stock is 3.67 times more expensive than the average stock, making it a growth stock, which typically under perform.
What is really interesting is that on the date of the 10-Q before the last one (August 14th) the stock price was $3.16 and the book to price was 1.61, making it a value stock!!! Had you bought the stock then, you were statistically likely to make money due to the fact that it was a value stock. Now the stock is a growth stock, and if you like to pay 367% more for things, be my guest and buy this stock.
So based on this analysis, I would say the fair value for this stock is somewhere around it's original 1.61. I'll double that and say 3.22 because they might sell a few more cameras because of obama. Assuming they don't dilute the company any further, the fair price should be $6.95.
good to hear man, hope you do too. if you have time to day trade you can flip these guys. I hold all my positions for at least one month. I used to trade more frequently but more often than not my emotions would get in the way. I know this is overvalued and I will wait for it to mean revert to fair value and cover at that point. I will probably add more to my short position whenever shares become available! Every time I have tried to short more there haven't been any shares available. glty
do you have proof?
how did you come up with that conclusion??
Why would the military chose this company over TASR? Serious question.
got in at 17.40 a couple days ago
This stock is too small to have options traded. I am short shares.
Yep, the current price assumes DGLY will get massive amounts of new orders! If they get the new orders, then the price will stay the same. If they do not, well you can imagine what will happen.