While I was in Nantucket on vacation DGLY popped from $4 to $8. I began to talk to our traders about further upside and the inherent risks associated with shorting a “low float” stock. This video expands a bit on my thought process. Enjoy! Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in … Read More
Shorting DGLY Can Get FGLY!
Here is a short clip from our pre-market meeting on August 25th (filmed at my dining room table in Nantucket;). We take a look at DGLY which was gapping above $9 in the pre-market. I offered some thoughts on how many traders focus on capturing the pull back from $8 to $7 and often miss the larger opportunity to the upside that … Read More