Monday, October 21, 2013

Moving Along, But For Long?

If you have been keeping up with the blog you've noticed the buzz over Voxelijet (VJET). Well today it kept chugging along hitting a high of 39.75$ and returned back to 35.43$, still a 6 dollar increase on the day which made investors happy.
Yet on the other side of the ball I don't see it going anywhere much past 40$ right about now. Why? Well, because I dont think the company deserves to have their shares to be worth that much. Voxelijet reported revenue just in the last quater last year for the first time and now are having some net gains. Yet companies like XOne who have a strong cliental seem to be struggling. The thing that has me wondering is who owns these huge amounts of shares and what is their plan...Once again time will tell and we will see, I may sell out tomorrow morning.
2 day graph 

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