I see the 200DMA as acting as support here. SSYS barely dipped below it's 200 DMA and then popped. I'm going to wait until the stock rises 5% from wherever the bottom is set. If it drops from here a little bit more I'll adjust that down, but still 5% from the bottom-----and then I'm increasing my position by 50%. This is still way too compelling a stock and an industry to stay down for long, and anyone who is making a big deal out of a 74 year old grandfather selling a chunk of his shares or an authorization to increase the share total is being unrealistically negative is just looking for excuses. 5% from the bottom and then BUY!!
How many times do we have to say this. Charts are BS. Material news changes the situations. We just got material news recently, though very muted and quiet and not obvious. Smart long term investing money sees this as a sign to get out.
Like sino-forrest. When it was declining, would you have bought it because it was reaching its 200MDA? No because it went bankrupt soon after.
Here is a different case of course, but definately bad news all around and you will know once you carefully read their 14A, understand their plans, and see what they've done in the past.
The thing is they have now lost even the long term investors who were believers in this space.
MGM SSYS is a different company then DDD different management..different ideas etc..so just because SSYS stock behaved a certian way doesn`t mean DDD will. Don`t get me wrong..I`m not short not trying to talk it down..just pointing that out..It seems weak right now..that being said I think in the next few years they could do very well.I just want to see a couple of good earning reports and see the industry itself become more established.