And the Bubble Goes “POP”!
January 28, 2013 Leave a comment
So I was correct last week in assessing that we were in the twilight period for 3D systems corporation (DDD). I was wrong for not selling then.
I did not realize how quickly the bubble would deflate after it popped. And I have paid for that mistake.
Most of the profits on the trade have been lost in today’s crash. I believe stage 6 (of the stages I outlined here) is now over. I will have to reverse the position to a short as soon as possible, but short-sales have been restricted for the stock until Wednesday morning’s session. At that point, stage 7 will begin. So for the mean time, I will make a hasty exit.