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3D Systems Corporation Message Board

  • mgm2020 mgm2020 May 17, 2013 2:18 PM Flag

    Today is a brief respite--slide not over yet--institutional holdings down...

    Institutional holdings were as high as 67% prior to the secondary--dropped to 61% following the secondary due to dilution--but are now down to just 55%--the lowest it's been in a while. Charting the stock shows a likely correction down to $38-$40 where there will be support before turning up again. Just my opinion. But I bought just prior to the split and got hammered like everyone else--except I bought all the way down to $29 knowing that the stock would turn up--and sold in the mid-40's to as high as $46.70 making a very nice profit and then watched the stock overshoot and go to unjustifiable levels--no matter how fast anyone thinks the company can grow. When the company offered the secondary at $40 when the stock was trading at $43 the day before seemed like a bit of a red flag to me, but for the stock to skyrocket 30% immediately after that didn't make any sense. When it comes back down to more reasonable levels given the 30% growth rate I'm back in big time--but for now I'll watch from the sidelines as the mid-quarter swoon and consolidation take place. I think that the investors who took advantage of the secondary are going to start getting a little skittish as the stock starts to approach their buy-in level also adding to the selling to come.

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