Short attack coupled with potential competitors surfacing at the horizon.
It is clear that such a market is appealing to many....DDD has a strong experience in the field and remains so far a leader...with upcoming earnings and short covering we'll see the fourties soon enough!
Maybe... there is less dumping now than there was a few days ago. The forward P/E is still very high though. Competition would not be a good thing for DDD stock. 32-33 has a lot of support from earlier this year though. Another downturn takes us to 27.5-28. SSYS is a buy whenever it hits 53.5 right now (GIVE ME MY FILL!).
Right now this is a great day trade (I LOVE it right now and loved it when it was a great swing trade--this is my favorite stock by far). There are a lot of people trapped at higher prices that are going to want to get out when they have a chance. This will go sideways before it resumes its climb (it most definitely will barring competition/general market weakness-it is a great growth story long-term).
When dealing with stocks is all about perception for the potential. We can not always use pure fundamental analysis. Well, look a AMZN, has 390 pe. AAPL pe is so low. Each stock is like a woman, very unique in her characters and behavior...
You have it dead wrong! Stock was inflated by the momentum crowd it should be trading around the low 20's. Shorts are just adding on in the AM everyday and watching the stock roll over into the close. Revenue and organic growth is going to be light this Q along with guidance. The stock is still extremely overvalued. Doesn't matter how high the momentum crowd took it. They are mostly gone all that's left is bag holders who were sucked in and small time players day traders. Look at the volume on down days, look at the chart breakdown.
Lock profit and buy in the 20's if you love the stock but don't be confused with where this one is heading.