I'm in now AJ, your observation is what they call a Bullish Flag. On Bullish flags the initial move is called the "flagpole", then the consolidation at, or near the top resembles a flag at the top of the flagpole on the chart, the key is the volume on the flagpole is substantial in comparison to normal daily volume, then when the flag is formed.....in the process the volume dissipates substantially, the sideliners that missed the initial move are waiting and hoping for a major pullback to enter.....when that does not occur they throw in the towel and kick-off the second leg up.
Good observation Avram.
No not in NEO yet, my brother has/had this one and he directed me to it, looks like it could be okay.
I quit FB quite awhile back , had too much of a conflict with my kids on it.
mothallen It is very obvious that until the recent spike to the $9 plus area a few days ago (where you got sucked in) you never even heard of DGLY before, so if you sold after getting sucked in there...........you took an a$$kicking, and then you claim you are now trading back and forth ?
As a rookie I doubt you understand what a wash sale is, since as I've previously noted in your previous posting you do not even know the difference between Shares Outstanding and the Float. I questioned you on that several times and you changed the subject.
You are a naive rookie, plain and simple.
Thanks mothallen. Speaking of conflicting, maybe you could clear up your position here a little bit.
Litterally with each of your posts you are indicating you are LONG, then like a frycook at IHOP you flip-flop and indicate you are SHORT.....and then LONG ?
Talk about paper trading, you are a glaring example.
Do you think you are fooling anybody at all here ?
You are a phoney blowhard just looking for some very needed attention.
mothallen.....You were bashing me calling me a short.
Now you are claiming you are short ?
One thing for sure is, you are NOT short of total BS !
Yeah mothallen, I'm short the whole float, or is it the shares outstanding?
I don't know one from the other, can you help me out here?
I've asked you three times and you haven't answered me so far.
Maybe you can google it ?
So you've been finding "entry points" so far ?
You must be a real whiz at this .
She has already been seen Yellen it from the rooftops in D.C.
Now she wants to make her opinion official.
There will be a PR.
Stand by !
mothallen....How did you make money in the last 24 hours, did it go back up to $ 9 + today so you could at least break even this morning ?
You do know what a wash sale is don't you?
Posted by Logan Wallace on Jul 14th, 2014
Digital Ally (NASDAQ:DGLY) major shareholder Stephen Gans unloaded 381,087 shares of Digital Ally stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $7.51, for a total transaction of $2,861,963.37. Following the transaction, the insider now directly owns 17,500 shares of the company’s stock, valued at approximately $131,425. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
2014 /PRNewswire/ -- Stephen Gans, a director and stockholder of Digital Ally, Inc., (DGLY) (the "Company"), announced today that mailing has begun of definitive proxy material that has been filed with the Securities and Exchange Commission in opposition to certain proposals recommended by the other members of the Company's board of directors and being voted upon at the Company's annual meeting scheduled to be held Thursday, June 12, 2014. Mr. Gans is the beneficial owner of over 17% of the Company's outstanding shares of common stock.
In connection with his proxy solicitation, Mr. Gans delivered the following letter urging Shareholders to protect their investment in the Company by voting the GOLD proxy card:
1.AGAINST the proposal of the Incumbent Directors to approve under applicable Nasdaq rules the issuance of all shares of Common Stock issuable upon conversion of the $2.0 million principal amount senior secured convertible note and exercise of the common stock purchase warrant issued in connection with the Company's March 2014 private placement; and
2.AGAINST the proposal of the Incumbent Directors to approve an amendment to the Articles of Incorporation of the Company to increase the number of authorized shares of capital stock that the Company may issue from 9,375,000 to 85,000,000, of which 75,000,000 shall be classified as Common Stock and 10,000,000 shares shall be classified as blank check preferred stock;
Stockholders that need assistance in voting their shares or have any questions are urged to call Mr. Gans's proxy solicitor, Mackenzie Partners, Inc., at (800) 322-2885 (Toll Free) or at (212) 929-5500.
mothallen.....If you say "I couldn't care less about the patent"........why are you posting (Jul 12, 2014 9:17 AM) this and saying....."this is the future" ?
You make very conflicting statements here.
mothallen......."There are many reasons to trade."
Really mothallen ?
I can only think of ONE..........to try and make money.
Can you clarify any of the "many" other reasons ?
And while you are at it.....answer my previous question, do you know the difference between Outstanding Shares and......The Float.
Based on one of your recent posts I'd say no you do not.
mothallen.....You're paranoid, I told you I do NOT short stocks. Just because I'm paying attention to this situation does not mean I am short, this simply is an EDUCATION, I have paid attention to situations like this many many times, it teaches you what to stay away from. This is a valuable lesson to me.......without any cost to me.
Management put out their "patent" PR to stoke the stock, let them put out a REAL PR with substance........like what, and how MUCH are they alledgedly "shipping"?
You will learn eventually, just hope it doesn't break you before you wise up.
What "technology" does DGLY have that any other company in this field can not emulate ?
Just simply ask yourself that very simple question............and listen to your answer and you will figure it out.
Their "patented" device is NOT necessary to have, to have all devices turn on at the same time.......is that very hard to understand ?
DGLY company management may have convinced you of this with their PR, they know there are a whole lot of naive people looking for the NEXT MO-MO stock......every day !
It doesn't take very long afterwards for some, or most of the naive to realize they've been sucker punched with a sensational eyecatching PR.
You just found this stock on Friday......and you know about the "orders" they have ?
What patent is necessary to turn on all the devices at once ?
Is this some kind of impossible feat that no other company can achieve ?
So they got a patent for the device they are going to do it with..........this is a big deal ?
I guess no other company in the WORLD will ever figure this impossibility out.............right?
Human nature is, that every time someone buys a stock......all of a sudden it looks like a take-over target.
mothallen......Question: Do you know the difference between......Shares Outstanding......and Float ?
Where are you seeing a "Float" of 2.3 Million Shares ?
Looks like reality is setting in.
This isn't the first time a management of a small company tries to grab new eyeballs to their stock, with some sensational PR, it usually works............temporarily.
Do you people think that police forces can just scrap their budgets, toss what they're already heavily invested in, in the garbage, and move on to the new mouse-trap ?
You have to use a little common sense in these matters.
mothallen.....I assume you are talking to me when you say...."So... you're short the stock."
I do not short stocks, about forty plus years ago I let a stockbroker talk me into shorting a stock, Burlington Northern Railway, that was before there was such a thing as discount brokers, it was only full service brokers back then. That night I could not sleep and couldn't wait to call him the next morning to get me out of that situation, he tried to calm me down and stick with it, I had to holler at him over the phone to get me the hell out of that short position. All I could think of was waking up some morning and seeing Burlington Northern being bought out or something. That was the only time, and the last time I was ever short.
I never even heard of DGLY until I saw the crazy action on the tape on CNBC, when I see situations like this I like to see what people think about this, do they really know what they are doing, or are they just following the herd ? Getting inside people's heads is a valuable tool in the stock market, if I'm wrong here in my thinking, I'll find out soon enough. But I've been around long enough to have experienced getting sucked into deals just like this, so I don't react as fast as I used to.
Experience is the best teacher........but it sometimes comes at a hefty cost.
Isn't this outrageous trading volume screaming something to you ?
Less than one and a half million shares in the float...............but trading 18 MILLION shares in the last two days ?
Trading more than TWELVE TIMES the float in 2 days ?
Momentum goes both ways................up .......and down.
And this is not bashing the stock, this is just the facts......there is a difference.