I think you're right. I hate "Gap 'n #$%$" charts as do most, but took a starter here because I think it goes much higher with this merger.
If you think so, then sell. Stock will trade record volume today and close above $1.50. YOu'll have every opportunity to get out.
Huge. My guess is MGT will close above $1.50 today and gap again on Monday.
This merger will make MGT the first and only U.S. regulated trading platform for bitcoin swap contracts.
In a note to investors today, Oppenheimer wrote that a Barron's article which panned 3D printing stocks last weekend was too pessimistic. BACKGROUND: In an article published last weekend, Barron's noted that the shares of 3D printer makers had dropped sharply over the last year, after the magazine warned in March 2014 that the stocks in the sector were overvalued. Despite the large decline in the shares, the magazine last weekend told investors to avoid the stocks. Calling leading 3D printer maker 3D Systems (DDD) "wildly overvalued," well-known investor Whitney Tilson said that momentum investors are no longer interested in the stock, while the shares haven't fallen far enough to attract value investors, according to Barron's. OPPENHEIMER REBUTTAL: Barron's has stayed bearish on the 3D printing sector for too long, Oppenheimer analyst Holden Lewis wrote. Last weekend's article did not add much new information to the magazine's negative thesis from a year ago, and that call proved to be wrong on the sector's fundamentals, Lewis contended. The sector's fundamentals have consistently been strong, as 3D Systems and Stratasys (SSYS) generated only a small proportion of their revenue last year from printers for consumers, disproving Barron's thesis that the companies were too focused on the consumer space, the analyst stated. Moreover, demand for the companies' consumer printers rose significantly between the first quarter of last year and the third quarter of the year, the analyst wrote. Barron's and other skeptics argue that 3D printing is an old technology, but 3D printers did not become "true commercial products" until the early 2000s, and still have only a 10% share of their target market, according to Lewis, who expects 3D printers' market share to continue to grow. The companies' stocks fell in 2014 because of poor execution and high valuations, not fundamental issues, the analyst believes. Now that the stocks' valuations are much lower and in-line with historical norms, Barron's bear case is outdated, wrote Lewis. He kept Outperform ratings on 3D Systems and ExOne (XONE), and Perform ratings on Stratasys and Materialise (MTLS). PRICE ACTION: In late morning trading, 3D Systems fell 2.5% to $30.16, Stratasys dropped 2.8% to $61.74, ExOne rose 1% to $16.15, Voxeljet (VJET) added 0.7% to $9.32, and Materialise declined 1.2% to $8.05.
"One California fund sold off their VJET and DDD positions today"
And you know this the same day with no SEC filings?
I call BS
Well I'm up quite nicely on my calls and shares I bought near the intraday low two days ago when I first posted here. Agree that fundamentals matter in individual companies and most commodities- but oil, is a bit of a different animal.
And by the way, oil producers are NOT "still trying to pump as much as they can to make up the short fall from the margin". Pay attention to what's going on- most shale producers and crude producers in the US have cut way back on production in the last 2 weeks and are putting off new drilling. But it doesn't matter how much or little they drill- the price of oil is NOT controlled only by simple supply/demand...as I hope you're learning today.
Large, market-moving traders control the price, not supply and demand. It doesn't matter if you "think" they're right, or if the talking heads on CNBC "think" they're right.
This is a fact- and it's one I hope people just now shorting oil stocks or ETF's like this one understand.
All the people posting about oversupply don't mention (or don't know) that the price of oil is as much determined by oil futures traders as supply/demand curve.
So post all you want about oversupply (even as more and more US wells shut production down in Q1), but traders are in control, not the blowhards on TV who talk about oversupply.
Oil prices are as much determined by traders as supply and demand. If you don't know that you shouldn't be shorting here.
In Conference call CEO just said that GE have decided to use the Arcam produced blades.
Also- Arcam EPS .37/share for 2014 and 105% ORGANIC sales growth reported in Q4 just out this morning.
Planning to average in over next few weeks for a 12 month hold, but will also have a 10% stop in place to limit risk....so could have no position by Friday! :)
Like I said- watch for bear raid- this is it.
Stock will recover nicely going forward based on EPS improvements and likely upgrades.
If you were trading for PDUFA- you should already be out.
If you believe in the longer term potential of RMTI, then adding here makes sense to me.
Volume very low today- bottom could be in.
At some point you run out of sellers and it looks like MOLG is close to that point now.
Should give shorts reason to cover before it goes to wider audience
I've been waiting for the opportunity to add before submitting my article on MOLG to SA.