I notice that 3D Systems is being fluffed by a writer at SeekingAlpha this morning. I can only assume that this write up from an increasingly stock-moving source (SA) is behind the little mini pump. Here is what the writer had to say in December 18 with an article called Should You Be Shorting 3D Systems?
“Shares of 3D Systems (DDD) have appreciated more than 60% in the last few months. Consequently, I have seen many analysts claiming that 3D Systems is a good short candidate for now. 3D Systems might be overvalued, but is it a good short play? I don’t think so. 3D Systems has sent short sellers running for cover in the last few months, and I don’t think that its share price will fall anytime soon.”
Today the same writer is sponsoring a bull view on DDD with 3 Great Reasons to Buy 3D Systems After its Recent Crash. No mea culpa, no nothing. Just “great” reasons to buy the crash (after “I don’t think its share price will fall anytime soon”) like my personal favorite, candy printing and the acquisition of a plastics supply house (LOL). The metal parts printing stuff may have some bite, but this is going to be a competition intensive area (not worth the valuation) and I’ll believe GE is going to 50% printed metals parts when I see it.
But as usual, I’ll just tune out this pumping and watch the chart. They will try to bounce it today, but the 55 period EMA will keep me in (or out of) the game. Not some hype from SeekingAlpha. Meanwhile, I remain short and glad to see that the hype still runs deep.
If you are going to put something out there you have got to stand behind it sir.
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