And keep your clothes on near windows.
Actually if they can see through clouds, storms, smog and fog then they can probably see through your clothes as well so never mind.
Anyways looking at the chart above, the technical terminology in an advanced analysis would be, "bad chart".
I however believe in the governments ability to totally 100% invade everyone's personal privacy and that DGI is here to help them.
Now I think there will be some support coming up here in the $18-$19 range, as that was the high-end and actual offering price levels. I am comfortable picking up a little bit right here.
My stop out will be a close under $17 which was the mid-range of the IPO offer and I am looking for $25 BEFORE the October launch of their new satellite. This gives us a 2.5 down 5.5 up risk/reward.
I believe based on past satellite experience the shares will gain some momentum into that launch and I will use that to exit and watch the fireworks from the sidelines.
Judging by their past launch success rate they have a 50/50 chance at achieving orbit.
2 Comments:
I'm with you on that trade for a VERY small position. It looks like the stock finally got a bid today!!
--joe
Hey Snoopyjc
Glad to see you on the site!
Yes it wanted to kick me out but I held on (barely) and now it is looking a little better. If it can get over the original offer I think we can get back to business.
DGI and GEOY sure are volatile little guys.
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