I have been shorting this market painfully all year. There was no reason for the market to blame everything on weather with 74,000 jobs in Jan or Feb, can't remember which one, it just went higher and higher, August, with no reason to go higher, it was on a steady climb. Now, all of the sudden, the "market" is worried, there is nothing different that we didn't already know, absolutely nothing. Last Wednesdays intraday reversal should have been super bullish, with the close at 1968, taking out the previous days 1962 level. I think it will hold this 1900 level, it may breach it during intraday Monday but it will bounce off of the 200 mda and go back up. If it doesn't, look out for 1850 on its way to 1700.
No your wrong, I am not trying to argue, I am just telling you why this stock has went from 45 in July to 18 in September.
Because xone hasn't sold a single printer in the third quarter, they are going to have zero revenue, all the while still guiding for 55 million for the fiscal year, no one believes them, and for good reason.
No xone does not have 55 million in revenue, they have guided for that, but no one believes them because they continually miss quarter after quarter. The reason they have decoupled from the rest of the 3d companies is that the speculation is that they have zero revenue for the third quarter, they are in a total free fall.
Sentiment: Strong Sell
They don't have any revenue, look it up, zero, notta, they have zero revenue, do you understand what I am saying, they haven't sold a single printer.
That's what I have been saying, NOBODY is talking about it, NOBODY, no analysts, no pundits, NOBODY...that usually spells BANKRUPTCY, the truth is they have no revenue, zilch, zero, they don't sell anything!
Sentiment: Strong Sell
see you at zero, I don't see how you can take a company public with zero revenue, this is ridiculous, I deserve to lose what I lost on xone, I was shocked when I found out that they don't sell anything, they have no revenue, hell I could open up a hamburger joint and in one day have revenue, FRAUD!!!
dude I have been hanging on also, but I have traded enough to know that when a company has zero revenue and its stock goes down EVERY day, doesn't matter if the market is up or down, this puppy is going down a bunch, it is down 4.5% today and it has been down 4-7% everyday for over a month, not even a dead cat bounce, buy all you want and good luck, your going to need it.
No I consulted myself when I discovered that their revenue is zero, yes I said zero, they have not sold even 1 printer.
This stock goes down every day, and not just a little, 3-7% a day, no news, no one is talking about it, I think that they could be bankrupt and we just don't know it yet.
I know, this pig is down 13.72% in the last 5 days, 20.76% in the last month, 39.58% in the last 3 months, 56.47% YTD, and 49.32% 1 YR return, unbelievable, horrible.