I coughed up my lunch when I read this "Its for long term investors only". LOL! Anyone here long term knows to get out a long time ago and cut their losses. This thing is at 52 week lows and no end in sight. Management killed it.
50% run up on news of PROPOSED federal funding, that requires 50/50 matching by local LEO's. Doesnt guarantee a single sale to DGLY. Pure retail suckers buying into this low floater, and will get stuck holding the bag just like back in Aug.
Think you better recheck your text book on what an accumulation chart looks like. Then check the chapter on Pump and Dump
Sentiment: Strong Sell
And where is $LAKE? Currently trading at where $DGLY should be. Good luck with the $33. A supertrades pump is only good the first time around, ask any of his subscribers.
1. The President is only proposing the $75M a year funding
2. The Presidents proposal is a 50% matching fund, so local departments must still have half of the funds
3. If the proposal is approved, DGLY is not the only provider of Body cameras
4. TASR already has much better connections and relationships with law enforcement and distributors through their stun guns
5. There are absolutely no barriers to entry in this industry, Sony, Panasonic, Samsung, ect, have much better economies of scale to manufacture and distribute than a small company like DGLY
6. Just search Youtube to see how much police like being on camera, there is going to be pushback.
LOL! What OTC market promoters start promoting your NASDAQ stock, that is pretty sad! Get out while its still worth $.50 and join a lawsuit to recoup some losses. Otherwise you just loose everything.
That is a pretty good sign that you are holding a POS. Longs have an opportunity here to join one of the lawsuits and recover at least something because the company lied and misrepresented the trial results. Take advantage of that exit before this sinks into a sub penny. They no longer meet NASDAQ listing requirements so OTC market is only a few weeks away.
Seriously, join up one of the lawsuits and try to recover something from this POS. The CO lied to you, time to move on.
Otherwise, dont listen and just watch this thing go down in flames to sub penny.
I know they were on the verge of going broke or having a fire sale a few times. The cash burn here has always been astronomical, and with no real revenue to offset it. I thought they would be bankrupt in 2013.
This POS has been on a steady downtrend ever since SuperTrades on Twitter pumped it and dumped it.
Yo mike you still here? I gave up on this thing so long ago. Unreal, last time I checked this dog was in the $4's now its struggling to hold mid $2's. Some may say its a good buy at this price, but given the history of the management, I certainly wouldnt use anything but my "Vegas" money to buy shares. Best of luck!
Based on last weeks report (which caused a pop from $14s to $18s in a single trading session), inventory was still 238 Bcf less than last year at this time. So this year the inventory is starting the heating season slightly behind.
Net injections are still well below 5 year averages despite everyone telling you that we are at "record production levels". As many noted, this will likely be the last positive report. The cold snap this week is going to put a big ding in next weeks numbers.
Also, I don't think many gamblers know what a "normal winter" actually means, and also that predicting the weather is nearly impossible. Farmers almanac says it is going to be very cold.
Worst case is you wait until next weeks report when we start the several month long drain on the 3600B inventory.
Oversupply is impossible as storage levels are still 238 Bcf less than last year, and it is not looking like it will catch up. This will be the last week for a +net injection as this early cold front is going to put a big ding in the numbers.
As much as I wish NG is as cheap as ever this winter, Its not going to happen. If it gets too cheap, the big boys will cut production. Just like gas isnt going to $2.
Very true, you never know what UGAZ is going to do. Look at last week Thursday and Friday, it ran hard even after 91B injection. The bear arguement is that we are at record production levels. However, on the bull side, inventories are still over 200B less than this time last year and also below 5 year averages. There is also increased demand as 31% of NG goes towards energy production, and the number of plants using NG over coal is increasing.
As for the projections of a "normal winter" nobody knows anything for sure. Last winter was considered bad because of the record number of consecutive days that were below freezing. Look at 2012 winter, UGAZ prices were still very high, and it was not a record cold winter, just a normal one.
Well someone is a little heavy on the pharmaceuticals it looks like. Anyway, I cited the source of my numbers, not sure where you got yours. The bottom line is all stocks are below the 5 year historical range.
Oh and FYI, according to USEIA, that report is coming on Friday not Thursday but you probably knew that already too right. Good luck to you.
40% higher than last year is very doubtful based on the Oct 31st numbers:
Working gas in storage was 3,571 Bcf as of Friday, October 31, 2014, according to EIA estimates. This represents a net increase of 91 Bcf from the previous week. Stocks were 238 Bcf less than last year at this time and 261 Bcf below the 5-year average of 3,832 Bcf. In the East Region, stocks were 107 Bcf below the 5-year average following net injections of 43 Bcf. Stocks in the Producing Region were 124 Bcf below the 5-year average of 1,241 Bcf after a net injection of 40 Bcf. Stocks in the West Region were 30 Bcf below the 5-year average after a net addition of 8 Bcf. At 3,571 Bcf, total working gas is below the 5-year historical range.
- source: US Energy Information Administration - Weekly Natural Gas Storage report.
If the winter is winter period, prices are going higher. Prices just dont stay low over winter. If it is a bad winter, they go especially higher.
Looking at a 2 year or 5 year chart, it doesnt make much sense being short on NG going into winter. Suddenly we have a polar vortex looming already in November bringing Jan/Feb temperatures.
Monday, UGAZ needed a rest , but today things rebounded. This can go to $18 easily on news of the winter storm, just like it did Nov 6th. I wouldnt want to get trapped in that short.
Not much downside going into winter, but plenty of upside.
Sentiment: Strong Buy