Replies to post #464 on The ExOne Company (XONE)

[Kenswift]

Good post Benny

[User-65225]

Benny, to fill you in, this debate has been going on for months. He started complaining about the volume in the $20's (when the daily vol was half as much) and the price has done nothing but increase in value since that time. See the post i copied below...

If someone stayed away from this stock in the $20-$30's because it was not trading as much as DDD, they would have missed a big gain out of ignorance... The way he is judging the volume lacks understanding of all the key metrics BEHIND the volume trading hands, hence the steady bull trend since inception... Its not wise to compare the trading action of a stock with a 6,000,000 float to a company with a 100,000,000 float. Small caps and large caps trade differently and require different strategies to accumulate a large position. SMART money isn't going to come in here and slam the Ask for millions of shares in a single day, they would run it up and pay too much, too fast... The large buyers here have been loading the dips, along a rising trend line, which is why we dont see millions trading each day. Theres no reason for SMART money to chase the Ask when its up several percent for the day.

The chart is all the proof i need to back up the claims ive been consistently making since the $20's... If the volume (supply/demand) was weak, the price would not be up so much in just a few months time.

Rocketstocks
Tuesday, March 26, 2013 12:21:30 PM
Re: adeezl post# 156
Post # of 465

I dont consider 5% of the float trading before midday, low volume... you've been saying this since the $20's and its been steadily climbing.

Its all relative to the share structure... not many shares are available and the short position has been skyrocketing.

Strong guidance is all thats needed to put the shorts in some serious pain imo. No way are they profitable near the all time high and this can move on air when lots of buys come in at one time.

Locking in at least some profits is probably wise before earnings tho. Hard to predict whats gonna happen

[adeezl]

Yes, I don't care about the float. The float means nothing when it comes to actual interest. Why didn't a couple firms just buy the whole thing back in the 20-30's and call it a day? I said less shares are traded and there is less media attention on Exone contrary to 3D Systems/Stratasys. ExOne does not get as much analyst interest as the other two. ExOne has yet to see an actual downgrade. It will happen eventually in my opinion if it stays this high. The reason this has went straight up in my opinion is because there hasn't been any negative analyst interest (yet) to actually rate the stock. This is definitely the same folks buying and selling this thing in my opinion. It won't last forever.

1. The price is a bit too high right now and needs to consolidate a bit before it moves up.

Yes, this hasn't consolidated one bit for a good week. It's not sustainable at these levels in my opinion.

2. There's less people in general looking at this stock. Not less % traded per day, but just less people overall. And because of that, it's less likely for there to be a big institution pulling out its money, less likely for some short person/group to write a hit piece for Seeking Alpha, and so on.

Yes, it's just fact that the volume is lower here than on 3D systems and Stratasys for example. That says less shares are traded. That was the point I was trying to make.

I just think it needs to cool off a bit and let people get a good position in the same range before attracting a lot of short sellers.



As we can see from the chart.. it usually takes this a good week+ to go up $10+ but only a couple days to come back. Folks are rather cautious in my opinion.