Thank you for telling us if the price doesn't go up it will go down.
Yeah, I was previously long a few weeks ago. I do not play long-term trends. I got in around 53 took the ride to 69 ended up selling at close to 58.
Since selling close to 58 this has been falling. (other than today).
As I have stated I am out of DDD currently until their ER this is like a casino until then. 7% today why? It will probably fall 10% tomorrow. And if they miss their ER which I think they will this will see a new low for the year. This is where I would like to buy again. Too risky to short with the ER.
I never mentioned anything about a chart and the day is not over.
I am bearish on DDD because 3D is a weak sector this year and the first company to report their Q AMAVF missed big time. Again.
I settled on 55 because this is where resistance is. Not exactly 55 but around 55 can you see where the daily chart leveled off at 55 for a little bit before the last jump?
There was no news for DDD today so the 7% pop is not justified IMO I would not expect this to hold especially going into ER Thursday.
Trend is still down.
If the price doesn't go up it will go down...?
OMG You are a genius! You must have a doctorate in finance.
Citron certainly did not help but the sell-off was due to warnings issued by almost all the 3Ders and then the past 2 Q misses by almost all the 3Ders.
Also Yellen said to stay away from high valuations as they are poised to drop.
Why would anyone bet against the FED? They make the decisions that effect the market prices.
I only make short term trades and I am currently out of DDD as it is a casino stock until ER.
I do see them missing ER though... not confident enough to short many other safer bets out there.
Shorts have won because all the 3D companies warned about their earnings this year.
So far AMAVF is the only 3Der to report this Q and they missed. They had a horrible ER on the 18th and fell 30%.
LOL Still think it was a good ER? Because the market would disagree with you.
Are you going to hold your VJET to 13 again?
I love how I "sold too early" yet I can get in all the 3Ders I sold for less now than I sold for. I have no interest in this however as I have stated I think that they are all going lower again.
GL keep holding…
No doubt this will break the low of 19.XX if DDD misses on Thursday. The fall may be delayed but it will happen.
"The 25 level is where the suckers buy just like last time. Hit 25 then to 30 then to 19. 25 looks like a great place to buy looking at the charts however with a bad ER..."