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Saturday, February 16, 2013 12:56:41 PM
DDD SSYS 3D printing stocks getting pounded under a short attack lead by Citron Research. The attack continues this morning. This article came out today on SA: 3D Systems: A Sobering Reality
I sold out of my DDD position to lock in profits yesterday as I believe they are going lower in the near term. IMO, two things are true about this sector now.
1) 3D printing holds the potential to be a transformative technology on a par with the rise of the PC.
2) Near term this sector is in a bubble. DDD was trading at ~15 in Jan. '12. It has traded as high as 72 this year and still at ~60 now. 4 bagger in 4 years sure but not in
I will be watching closely for a reentry.
I sold out of my DDD position to lock in profits yesterday as I believe they are going lower in the near term. IMO, two things are true about this sector now.
1) 3D printing holds the potential to be a transformative technology on a par with the rise of the PC.
2) Near term this sector is in a bubble. DDD was trading at ~15 in Jan. '12. It has traded as high as 72 this year and still at ~60 now. 4 bagger in 4 years sure but not in
I will be watching closely for a reentry.
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