Not quite ready to ring the all clear bell, but considering the market...
today was the best day in a while for DDD---and the recovery has to start somewhere. AH trading has been positive and more positive pieces are coming out every day. The pendulum is ready to swing in the other direction and investors stand to recoup much of their 'losses' or generate a nice profit from the much lower level the stock has fallen to. When the sentiment swings, it's going to swing hard and fast---and a $2.00 bouncde from today's low is hopefully just the beginning.
Well, since I am one I can relate to that. I believe that the stock will have no problem reaching that level, and hopefully by the end of the year, if not sooner. Like I said in my posts--volatility has 2 sides--we've had the down side, and now it's time for the recovery. I, fortunately had a little more capital to invesgt with so I did add to my position and bought in the low $29's. If you would have asked me when they announced the split and earnings came out with a 50% increase over last year if I wished I could have bought shares at a pre-split price of $43 or $44 I would have said HELL YEAH. Well, now I got the chance and I decided to take advantage of it. If you don't see the growth story here and you really think the stock is going to be stuck at these levels with significant growth occurring in both DDD and the overall industry, then you are a hopeless case---because for you-there is no hope. That is not how the market works. Stocks go up, down, up again, sideways. But for DDD and the other 3D companies the growth trend will carry the stock prices back up, and to much higher levels---in time. The shorts had their fun. Now we'll see who still has the balls to stay short here when the stock starts it's next run.
It'll get back there, eventually. The company is well positioned, in a growing market, with good financials. In the longer term, it's a sound investment. I believe "longer term" here means 12 months or more.
My hunch is that we're going to see a slow creep back to higher prices, say, back to the high of about $48 by the end of the year. That means about $0.04 per day. It should be clear that this upward trend will be difficult to spot for a while when we regularly see swings of $0.50 or more.