Lol oh that guy. I wouldn't put much credence into that. What crediblity does he have, really? The same could equally be said by the US, in reverse. No one in their right minds are going to actually do that.
We might not get there. The more people expect to buy at support levels, the more people will try to frontrun it. Today's action was weak though, and I think that I'll be looking to buy some more at the $55 level, and if that fails you know the next stage of the story.
I agree. It's almost fascinating to watch the intraday action, and it doesn't take long before you have a sense of which way the battle is going. DDD is still weak right now, but once it reaches the 50s I think it's going to be a LOT stronger.
I think the SA article was quite fair, acknowledging both pros and cons. I think getting to the 50s will help valuation reach more reasonable levels, and we'll go up from there again. Slowly, not in a meteoric fashion, but still up.
This has been one of my worst performers. It just seems to sit there and do nothing. For a few days it started creeping up, and now it seems to be round tripping back to the low $50s. I just wish it could get past the $55 area. Not a well liked stock especially after earnings it seems.
Why don't you start one thread and then put all your posts in there. Collate them all so to speak. Those who value your views have an easy place to go to and those who don't can just avoid wasting their time.
this is really interesting! Can you recommend a resource I can learn about this? I think I asked this question before but if you've replied sorry it got lost. I've always been interesting in learning specifically how to read the put/call action like you just did.
Mindlux, good summary of the story so far and reminders of a few things I'd forgotten about. Like you I believe long term in 3D but not right now. It will be nice if it bounces but I'm not going to guess a bottom. Have puts against my long positions right now.
By the way I found this hilarious :)
"big industry level notice tide rising all boats even more. even some submarines rise to surface."
Any opinion on how much of this latest rally for SAND is due to the Ukraine issue, and price would then fluctuate depending on that? If I'm reading correctly, gold is actually up, yet SAND is down.
You constantly amaze me with the patience you take to write a ordered, meaningful posts that you really don't need to in response to posts that don't merit long replies. It's hard to ignore sometimes, but I've learnt to try to learn to try to learn etc.
Frankly I'm quite astounded. Trading and even investing is about being level headed, considering merits and demerits, and then making a decision. I value discussions about why someone is long or short a stock I have a position in, so I can have the totality of knowledge to consider. Likewise for TA vs FA. Yet instead of valuing the opinions of people who are obviously trying to write sensible posts, be it FA, TA, long, short, etc there is a very visceral response that sometimes borders on insanity.
Stocks like DDD have been called momo, a word I hate. But I think it could equally be called emoemo. People have such emotional attachment to defend or tear down for no greater reason than hate or hopium based on which side they stand. I remember last year when I simply queried about the decision of the stock split around earnings which turned out to be lower than expected, I was immediately labelled a short. Ironically DDD was my largest holding at that time.
I'm glad there are still posters BOTH long AND short who post things worth writing about, the only reason why I still come here. Ignore who you don't like, don't waste time tearing them down. Learn from those who know a lot about something, even if it's not what you use. It might be fun to attack or deride, but oftentimes I think it's just a mask for frustration, regret, jealousy and loss. There are better things to be doing during a trading day. As for you stocksgirrl why waste time responding to negativity that isn't worth the time of day? Just give what you give to those who appreciate it, and ignore the rest.
Ultimately, what counts is the green or red in your portfolio. Whatever fantasies anyone concocts here, you yourself know the state of yours.
Wish I'd thought to wait like you, couldn've shaved $2 off my cost basis. Been a water treading loser for me so far, even though I believe in their product. Would really have changed the lives of a few of my friends.
I think you did the right thing. It might not be possible to relive the old momentum days because more and more people seem to be looking at fundamentals and valuations as opposed to pie in the sky hopium. I think many people are still remembering that huge gap close after the pre-announcements when bargain hunters jumped in. If anything, the fact that yesterday's White House report couldn't give us a reversal proved that very starkly indeed. I still have hopes for the sector though, and maintain a small holding.
Is this your first time shorting? You can't expect things to always go your way. This has been down as many consecutive days as I can remember for a while now. It may be a dead cat bounce, it may be a real genuine reversal. Sometimes people go on hopium and buy in, it becomes contagious and then more people pile in, driving the price up. There are lots of people who still hope another momentum run will come, and they may be right. Some people possibly see yesterday's action as signs of an inflection. Who knows?
Be nimble and prepared for either. No one on Earth, let alone here, can tell you why a stock is up or down. And Premarket isn't always the best reflection of what goes on.