The ExOne Company (XONE)

[BennySlots]

Just to be clear, me wanting to short this up here isn't because I dislike the company. It isn't even really about its valuation, although that plays in a little. And it's not because I want to root against you guys. I'm glad everyone is banking!

My reason for wanting to short it is because it ran from 50 to 66 in a week, closing in on 300% of its IPO price. Because it went completely outside the daily BBands at one point. Because the RSI is in the overbought zone. And because it's still miles above the daily 10 MA. And it did all of this on no news at all.

If you look at the other times this made similar moves, it slammed back down to around the 20 MA quickly. And that's just under normal trading. But it's summer, and the market's started to get a bit shaky. And with the price this high, eventually it's going to get more attention and articles. There were a few around the beginning of the year and the other two big ones fell way back right after that. Something similar could easily happen here.

You add all that up, and that's why I want to go short here. But e-trade didn't have the shares, so I'm not currently. But I may try again, especially if it tries to push to 70+.

I like the company, agree about metals being important, and long term see this going much higher. But short term I think a pullback is coming.

I'm just trying to play the swings and share my viewpoint candidly. That's all...