Many could be facing margin calls tomorrow morning as margin maintenance requirements may be different for stocks under $5 and that can present a real problem for selling a thinly traded stock like DGLY, so GL.
This can turn uglier than it's already is. Looks like investors don't care too much for going to court with a battle hardened opponent like Taser who is been fighting and winning in court-rooms case after case and always comes prepared with a top-notch legal team. Jmo.
They have no time as they are too busy selling their products and not waiting on the outcome of a Hail Mary lawsuit. I'd be really concerned if I were holding a long position in DGLY. It could be a very slippery slope if pps goes below $5. JMO, GL.
.....“We’ve got over 80,000 units in the field,” Heckman said. “We’re the No.2 provider of body-worn cameras in the U.S. market, and we don’t understand the reasoning here."
When and where had DGLY sell 80,000 BWC?
dogface is not in any position to short or buy. That would take money that isn't possible to make getting 15 cents per post and replies. Btw, he just got 30 cents off of our posts, LOL.
If you think this is good for DGLY, you better think again. JMO
IMO, it's a case of a chimpanzee taking on a 600 lbs gorilla. I'll leave it up to you to figure out which is which.
I spoke to one of my friends who is a very successful proctologist and he said that these situations can be a short term pain in the rear but eventually they tend to resolve themselves or could lead to permanent removal and disposal of the offending problem.
Based on this conversation I added another small lot to my position.
LOL, This is not to be taken as any kind of investing advise, JMO!
Good luck to all.
LOL, I have nothing but praise for DGLY. Shorted 6200 shares in the high $16 low $17 range back in May and covered at $6 and change in October..
meanwhile DGLY is up around a buck on a anemic 100k or so volume with no profit, no new sales but just a hope of getting something from the lawsuit.
Takes tens of thousands of shares to move the price up a bit and just a few thousand or at times even a few hundred shares to slam it right back down. Lol, JMO,
Let's hope it gets approved by LA city Council.
"LOS ANGELES — If all goes according to plan, the Los Angeles Police Department will strike a five-year, $57 million contract with Taser International to outfit 7,000 uniformed officers with body-worn cameras by the end of 2016, representing the largest purchase of police body cameras in America to date. The contract has been approved by Los Angeles Sheriff Charlie Beck, but a City Council vote will be needed to seal the deal and appropriate the necessary city funds." From International Business Times by Eric Markowitz
FYI. You only make or loose money when you sell or cover. For the shorts to "make a killing" they'll have to cover first .
I did. Placed an order for 1.5K shares at $15 before market open and just got filled. No worries when you have lot's of dry powder to take advantage of others panicking.
....and that's what it takes to move the price up 30 cents. 1/4 of all the day's volume. If that was a sell block we'd be at $14.50 or so. JMO