Digital Ally Continues Yesterday’s Upward Momentum
Published: August 22, 2014 at 3:29 pm EST
By: Bill Ashton
Digital Ally, Inc. (DGLY) is up over 13% during trading today, following the 21% gain it recorded yesterday. The continued momentum can be attributed to a potential countrywide order for Digital Ally’s body cameras, to be worn by police officers. Police brutality has become a national conversation after a police officer shot and killed an unarmed 18-year-old, Michael Brown, in Ferguson, Missouri, one of several similar incidents in the last two years.
Strong protests and violence in the city followed, as people took to the streets to demand justice for the police officer Darren Wilson’s allegedly unlawful actions. Authorities responded by declaring a state of emergency in the city and deploying the National Guard to curb the protests.
On August 18, The Wall Street Journal published a report that detailed the benefits of body cameras for police officers. The report highlighted the case of Rialto, Ca, where the adoption of the practice for over a year resulted in a 60% decline in the number of cases in which officers used force against citizens, while complaints filed against the police dropped 88%. The same day, the Times reported that the Mayor of California called for the passing of an ordinance that would mandate all police officers across the state to wear body cameras.
So yes, there will be a jump in pre-market on Monday. If the NASDAQ index stays neutral or positive and does not tank, this stock will Break $9 on Monday or Tuesday.
That is when you know it is the bottom when everyone is mad as hell.
And after hours it is up +2%. So yes, it is going higher next week.
4 days of higher closing highs. And with volume each day of 7-8 million that is impressive.
You will definitely see a closing over $9 sometime next week. Clearly, your head and shoulders charting isn't working.
Wrong. 4 days of increasing closing price and 3 days the volume was between 7-8 million shares.
That tells you there is demand.
Actually if you look at the chart it has been 4 days of higher closing price. That is a very strong signal of continued interest and new people chasing the stock up.
And volume of 7-8 million each day. This points to accumulation and big further interest next week!!!!! Pay dirt.
it was computerized as it happened so fast so it was not human trading. I hate this scam as too many people sold and I bet they push it to $10 next week. 3 days of huge volume..This didn't happen before. Usually, there is one huge spike then each day after drops down to only 600,000 or so shares. But 3 days now we have had in the 7-8 million shares traded.
DGLY is putting together a sales/marketing package they will release next weak to law enforcement. That should spike the price to the $10 range.
More volume today than yesterday. And price is higher. That is good!!!! And end of day they are chasing the stock.
Is this some high frequency trading trying to trick us and grab shares cheap?
What was that about? A scam?
That shows strength for Monday.
Seems like there are a lot of newbies willing to buy in on the company.. Maybe because the market capitalization is so tiny and it's a new product and new demand.
I wonder how many of you are day flippers or hold just 1-2 days vs. Holding for several months? Seems like 98% are day flippers.
Looks like you are way off about $9. Luck if we close near $8....Too many day traders. But longer term, I think this creeps up. Remember september - April this was trading between $16-8 and that was before the Ferguson shooting death that is pressuring the police department to adopt camera technology and July 11th when they obtained the patent for video synchronizing of hardware/software. I think we'll see $16 eventually.
3 days now it is closing higher......and more news about this company that no one heard before. I don't see this going back down to $7 as more people keep buying it.