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 stocks, options, forex and futures. He has traded professionally for 18 years. His email address is: [email protected].
Steven Spencer is currently long CSCO, DDD, FB, FEYE, LULU, SEAS, VZ and short GLD