I seem to keep buying and selling this thing at all the wrong times...most recently bought in at 45 and watched it teeter back and forth for weeks, finally got frustrated and sold at 47... kicking myself now! I'm looking to open a small position again... what do you think would be a good price? Will it come down again before it goes up? Those who have been here awhile- thoughts?
Note: I am 24 and have been investing in biotech and tech since college. [I'm a teacher waiting on the husband to finish school... just making my salary grow where I can- easier to handle risk when you're young. Got into NSPH late 2011, sold some ~$4 to buy a car, still holding 2k shares- Has been my biggest payoff thus far. Look into it...] Now trying to use some of the remaining surplus to get into 3-D printing but not sure how best to distribute.
DDD, SSYS, XONE, DASTY ?
I only have a couple grand that we won't need, at least til I get paid again in August... should I sit on it or take the plunge? What price? How would you distribute?
I have been writing on this board for a while and I was in at $32 and bought in until it hit $38. I then leveraged my stock and sold Calls just out of the money for profit and some deep in the money if I thought it was going down. If you use Options for leverage, you can hedge your downside risk and still make money on the upside. Today's sell off of 5% only hurt me 2% so I bought back my Calls out of the money for a profit, bought back my deep in the money Calls at a loss and then sold the stock. While everyone was out today at $45, I was out at an average of $47. I am not 100% short at $46.8 so if by the end of the week, I will either sell at $48 if the stock gets called away on the upside or if the stock settles under $46, I get to keep the Option cash. Use Options to protect against this type of scenario. When it sells off, your hurt less. If it moves up, you make a profit but not all of the upside. Win/win
Don't be surprised if DDD is a $100 stock before the year is out. Yes...it's expensive...but not overvalued. 3D printing is like robotic surgery was 5 years ago. Just starting. DDD could very much be like ISRG. Buy/add on any pullbacks. I think this is the real deal.
I shall hope so. I add more shares when it drop to $29. Almost doubled again. I bought $10 /share before split. Plan to hold tight. Did sell some to buy AMAVF. Hold both long term.
Sentiment: Strong Buy
hahaha point taken. I am very meticulous and always do my own DD but sometimes it's nice to have a little input. I know there are a lot of idiots and pumpers/bashers floating around, I'm just curious to see what others think/ how they have or would distribute their resources, and will take it with a grain of salt.
24 years old? wait for a few $ pullback, put a few thousand on this and forget it's there. when you're 50, you'll be rich. personally, I'm in DDD and SSYS. considered DASTY too but personally, having used both 3D softwares, I think symbol:PMTC's product is better than DASTY's Solidworks. but that's coming from somebody seasoned with drafting/3d modeling. for consumers? I can't decide which will probably be more accepted as less experienced 3D printer operators come in.... hence not having a position right now.
good luck, enjoy your retirement =)
also, I've heard mention of a 3D printing fund that you could put your money on, and be invested in all of them as the manager sees fit. haven't noticed the name of one though. that would be a safer way to invest in the industry and not have to watch progress as much