On Tuesday, January 22nd, 2013, I wrote an article highlighting the message board hype on 3D Systems Corporation (DDD) and Stratasys, Ltd. (SSYS). Based on the maximum level of noise being generated on the Web, I called a top in the stocks. Today 3-D Systems is trading at $60.98, -8.09 (-11.71%).
As a pro trader, I pay attention to this type of hype because it often nails the exact tops or bottoms on stocks. Let me explain. When average investors start pumping a stock and the company is already up over 300% in the last year, one must recognize it as an amazing topping signal. Understand this, when the average investor is excited to buy, the institution is selling to them, especially when the stock is up more than 300% in a year. In addition, who is left to buy the stock in the chain of command when the retail, average investor buys? The answer is no one. They are last on the totem pole. Only sellers are left. Thar she blows, collapsing lower.
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3-D Printing Stocks: A Tail Of Message Board Hype Nailing The Top
Published 01/29/2013, 12:35 AM
Updated 07/09/2023, 06:31 AM
3-D Printing Stocks: A Tail Of Message Board Hype Nailing The Top
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