Update, based on today's action we have the required breakout at this point. And while it could go higher, wait for the pull back and read up on what the potential slide might be and the subsequent bounce. Cheers. Kurt
With a peak of 27.50 or so, a retracement to between 22 and 23 would be a nice setup before the next move higher. If it stabilizes at 24 that would be a positive sign and a point at which to start building a position. (it could go lower to be vigilante) The target after breakout would be 8-9 bucks. Cheers, Kurt
Kurt, Thanks for the reminder about these two stocks. The hype and fizzle cycle of 3D printing stocks was classic. I subscribe to Motley Fool specifically in order to monitor their hype picks because they seem to have a lot of influence. They have recently started to highlight the potential recovery of 3D stocks.
Yes, I too and Motley Fool subscriber, but when an industry reaches the abyss it is sometimes a good time to take a small positions at first and build your investment from their. And I love the JP Morgan told folks to take profits after it broke to the 27 area. This will help the cup w/handle pattern and I am looking for it to break below the horizontal line on the chart in the chat sequence. If it gets to the 22-24 I will buy a bunch and await a break out in the $8-9 range and the add a conditional order to sell if it begins to drop. Happy trading and/or investing. -Kurt
Been holding Arcam for years (more than tripled). Still holding. Sold DDD at 90$. They all collapsed except Arcam, which is growing and growing.
Syss showing a nice pull back over the fews days and I am legging back in after having sold short of the peak. As stated previously I like the 22-23 area for reentry but it might not go that low so as stated, I am legging in. (so buy now so I can flip mine for a quick 15%, LOL) Cheers, Kurt
Its the pump and dumper I knew it LOL.I picked up a small position today as well.
Hopefully folks purchased shares of both DDD and SYSS last week and we are seeing a nice bump up on earnings from DDD. Yea for the good guys......us!