DGLY is due for a correction

NASDAQ:DGLY   Digital Ally, Inc.
Digital Ally, has had a bit of a slow motion pump after earnings in mid-May. Insofar as the

earnings go, there were none. The news is DGLY is burning cash less than expected. No matter

how you cut it shareholder value is not there and still the price went up since then especially

in the last few trading sessions. DGLY could dilute shareholders to raise capital. Insiders

could be manipulating the price. According to FinTel, there are 12 insiders who own 7.7% of

the shares. Seemingly, if they act in a coordinated scheme without any paper trail they could

have run the price up especially if they got help with one of the several penny stock trading

rooms with lots of followers. Overall, this looks like a pop and drop pumped up and ready

to flush. I will take a short trade of put options on this expectant for a quick profit over

a week or two.
Trade active:
Shorts are up 10% with the expected price drop - looking to get down to 3.25 before closing the position.
Trade active:
DGLY dropping well. running full position thinking about adding tomorrow if the general market is also trending down.

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