It doesn't matter where this stock has been....it's about where it's going. SQ has exponential growth and profits in the near future. Anything under $20 is a good buy considering this stock can easily go over $30 by years end.
Not saying its a perfect stock....which ones are? Buy the dips or whatever. But how many other currently profitable companies are there who have a reasonable chance of growing by 50-100% over the next 10 years and are currently trading at a PE of 23???? It is a very reasonable buy and hold to $30 in the next year or 18 months...even if your not looking for long term investments.
Alot of people want to have some long term investment in 3 D printiong. Most are not going to stare at the stock price all day long. They don't care that much if its $11 or $14 or $17. Based on the long term potential this can keep rising back to at least the low 20's before the next earning report.
would be interesting to know if there was any real technology behind it. If it was real....but just not viable to manufacture....then you would think Jim would at least address that....talk about that in some way. The fact that he pretends it never existed definitely lacks integrity and class.