The company said they would do a LOT better than they did last year too. So the company has been known to be full of #$%$.
Short sellers tend to be much more savvy than your average retail investor.
And they can HEDGE stocks against other stocks and if their long is going up faster than DGIT, they can maintain the hedge for a long time.
In some ways, this company reminds me of subprime loans. Someone had the brilliant idea that 1000 bad loans is somehow better than 100 bad loans. With DGIT, they apparently made ill-advised aquisitions and already took a huge write off.
Im going to be jumping up & down if & when we get a nice jump.
I just dont think we are going to see a once in a lifetime short squeze here. You might find one if you bet on 1000.
I understand fundamentals. I used them to continue owning TWMC,TUES & RCKY which have all been big winners, long since you sold out for stuff like HTCH ($6 to $1.20), NTZ $3.50 TO $1.77 & FBN. $5+ to .97.
These were "under the matress stocks & forget about them" stocks so you said.
I guess I could have done worse....shorting fed funds futures.
Love the "major corrections" that RCKY has had over the years.
Made my buying low & selling high a lot of fun.
I think it sees $20 before $10 again. Wouldnt rule out $10 again years away but maybe they sell the company this time when it gets to a reasonable value ?
If they sell the company, Im going to be sad. Sure, the immediate premium would be nice. But Id probably make much more trading it over the next 20 years ! Mr Market has been good to me.
Defintions for the mentally handicapped like wetnash:
Definition of 'Mr. Market '
An imaginary investor devised by Benjamin Graham and introduced in his 1949 book "The Intelligent Investor". In the book, Mr. Market is a hypothetical investor who is driven by panic, euphoria and apathy (on any given day), and approaches his investing as a reaction to his mood, rather than through fundamental (or technical) analysis.
Investopedia explains 'Mr. Market '
Investor and author Benjamin Graham invented Mr. Market as a clever means of illustrating the need for investors to make rational decisions in regard to their investment activities instead of allowing emotions to play a deciding role. Mr. Market teaches that although prices fluctuate, it is important to look at the big picture (fundamentals) rather than reacting to temporary emotional responses. Graham is also well-known for his most successful student, multibillion-dollar value investor Warren Buffett.
Just ignored a few more idiots.
You've got it. I ignored the other clowns. Short term sallies.
Took a week but we are above $15.50.
$20+ is almost a certainty. Just a matter of time.
I have more respect for child molesters.
More at $5.06. More at $4.51 and then at $3.06.
After 4 losing trades, wasnt willing to throw more good money after bad.
Now, roughly 3 years later, I actually have a small profit on my $4.44 avg cost.
Praise Jesus.
LOL
Bought this without much DD after seeing an insider buy cluster back in May 2011 at $3.51.
Stock then went WAY down. Then did a reverse split where I ended up with 80% fewer shares.
But with the recent run-up, this one time big loser turned into a 30% gain for me.
That beats a tax loss sale anyday of the week.
Hard for me to see the $2 area but I hope so.
Now she is SUING TUES.
I support the company taking a HARDLINE stance. Do not pay her a single dime. Even if they have to spend 10 times that defending themselves. The company has more money than Mason.
And Mason did all she could to ruin it. But she failed.
Her cancer could just be Karma for screwing the company & shareholders for so long.
The board of directors was negligent in letting her remain for the last 5-6 years of her tenure.
How about a simple wager ?
my $100,000 to your $5000 that I can prove I sold half at $6.99 ?
Whats that ? Dont have a measly $5000 ?
Back on IGNORE.
So many clueless clowns post here now.
It was nice & quiet back when the stock was under $2, you know, when it really was a good buy.
Common Stock 05/16/2013 P 900 A $ 14.18 976,531 (1) D
Common Stock 05/16/2013 P 3,100 A $ 14.19 976,531 (1) D
Common Stock 05/16/2013 P 1,000 A $ 14.2 976,531 (1) D
to be able to beat the heck out of wetnash.
Really, he is too stupid to live.
Are your parents morons too ?
Hair Club® For Men 1 (877) 605 0104
05/13/2013 P 3,000 A $ 14.79 20,322
This is interesting because he is one of the insiders than hasnt bought recently and he had infact SOLD
9,000 at $13.93 2/17/11.
He previously bought 5,000 at $5.00 3/7/08 and 4,000 at $6.99 11/1/07.
Here are the other fairly recent insider buys....
Nov 1 2012
Oct 31 2012
RCKY
Rocky Brands, Inc.
Rouda Harley E Jr
Director
5,000
Purchase at $11.60
$58,000
Aug 17 2012
Aug 15 2012
RCKY
Rocky Brands, Inc.
Corlett Glen E
Director
1,700
Purchase at $11.14
$18,938
Aug 17 2012
Aug 15 2012
RCKY
Rocky Brands, Inc.
Rouda Harley E Jr
Director
3,000
Purchase at $11.27
$33,810
Mar 19 2012
Mar 16 2012
RCKY
Rocky Brands, Inc.
Sharp David
President, COO
2,000
Purchase at $12.68
$25,360
Mar 19 2012
Mar 16 2012
RCKY
Rocky Brands, Inc.
McDonald James E
EVP, CFO, Treasurer
2,500
Purchase at $12.54
$31,362
Amended 13gs dont have to be filed timely like a 13d/a. Unless someone goes over 10%.
Otherwise,they dont have to report again until 45 days after the calander year or something.
If you are holding your breath for an amended 13g, you might not get what you are looking for.
And Im tired of you people cracking on Bazet. He is in the middle of a 50 year turnaround plan.
And according to him, he has done a heckuva job.
And kudos to the board too. They dutifully sit there & rubber stamp everything that comes in front of them.
They just cant give us their best effort if they are worried about their jobs.
So lets buy them some annuties & give them huge golden parachutes. And life insurance payable to their families.
But, Im optimistic.
I feel sure we will get an absolute yes or no by the time the all-important 103rd anniversary rolls around !
And if its no, they will sell out to Schneider for $1.16 per share.