This post was just published on ZYX Short Change Alert.
Over the years, many companies we shorted at very high prices ultimately went to or near $0.00 while we continued to hold them. Just this year, we closed out MCP, REE and ANV as they went to $0.00. MCP was short from $72.57 and REE was short from $7.83. VJET has the potential to go to $0.00.
VJET is short from $69.43. As of this writing the stock is trading at $3.78. Profits have been taken on one half of the position.
VJET just reported earnings below consensus and fundamentals remain weak.
We are lowering our long-term target zone to $0 to $2.56. The stop remains in the zone of $8.31 to $8.81.
Other 3-D printer makers are 3D Systems (DDD), Stratasys (SSYS), and ExOne (XONE).
What To Do Now
Those in the stock may continue to hold.
Those not in the stock may not enter at this time but wait for a new signal on the Real Time Feed.
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