Short term traders evaluate a stock based on the next event, long term holders look years ahead.
When there are only so many shares outstanding and many long investors wanting to invest in the stock/sector, they will overpower traders/shorts and help it sustain high multiples until the numbers start to catch up.
These 3D print stocks will revolutionize a mega industry (manufacturing) and they deserve high multiples. This is why there is so much buying on the dips. A $1 billion market cap is nothing compared to where the 3D printing sector is headed. This is what the accumulators are looking at and they aren't letting it go... Been saying this since the low $30's, when some were complaining that the volume was too low.
Only really bad news will break this strength and shake some longs out... but frankly, i see only good things in the future as large corporation start setting up mass scale 3D production plants. 3D printing is still mostly used for R&D, not mass production, yet..
3D printing with metals is in a very early stage of its growth cycle, compared to plastics. Will XONE grow from a small number of machines being sold per year? Will they sell more consumables and parts to go along with these machines? The market is betting they will. All they have to PROVE now is that they are on the right track and it will move higher imo.
Buy the dips, they dont last long
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