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Msg  420 of 423  at  9/7/2023 5:21:39 PM  by

str8_chuter


Bottom?

mul,
 
Might the shares have bottomed out today?  Selling was extreme in the morning but the last 3 hours saw steady, sustained buying that lifted the price nearly 8% from the day's low.  Volume 4X normal.
 
Yet this doesn't mean it's all up from here.  Shares could put in a double bottom in the next two months since tax selling season is coming up.
 
Switching gears, it looks like SSYS has turned down the DDD offer yet we've not received any official PR's from either company.  However we did see that SSYS announced an official vote is scheduled for the DM merger.  This deal might sink SSYS.  There's not much of substance under the hood.  The only piece of 'value' might be the legacy ExOne company...but binder jet technology has been around for decades  yet never gained any traction with customers.  As for DM itself, they've manage to sell just TWO P-50 printers in the past three years.
 
As a DDD shareholder, I'm glad that the proposed merger with SSYS did not go thru.  The final offer was far too generous.  Let SSYS choke on DM while DDD continues its commitment to regenerative medicine.


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