Replies to post #309 on Voxeljet AG (VJET)

[ddm1082]

Chart players love it. It does not matter what the correct valuation of the company is, when it drops 50% in 2 days it is oversold. I called the gap down open yesterday and gap downs are for buying. Easy 10% IMO.

[ddm1082]

My clues to buy the gap down were:

Gaps get filled
The rest of the 3D sector bounced, all green, VJET will be the laggard
LOTS of volume showing accumulation as it churned mid 3s

Overbought conditions led to a profit taking selloff combined with a short attack lead by articles and such saying VJET was way overvalued...which may be entirely true. But shorts have to cover, and the gap down open was their chance to do it.