Is this stock good to short now?

Bry

Bry

3D Systems: DDD
Rallied yesterday when market was going down, maybe a hanging man candle formation now on daily:

http://stockcharts.com/freecharts/candleglance.html?ddd

Intended just as a put option swing trade for few/several days, maybe for about $3 down. Best if it opens slightly lower on Monday.

Any thoughts? Is this dangerous "top picking," instead of going with an already strong trend?
 
DDD is in a very hot business right now. Are you willing to take a chance on a big rally or a buyout offer?

Shorting equities is best done on a very strong intraday move following unusual strength on daily charts. IMO DDD isn't in the ballpark unless you just get lucky.
 
Tough to make money short in a name like DDD. You gotta understand that this thing will be defended by institutions on any move down. Tough to get any follow through in that type of trade.
 
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It might go up, or it might go down, who knows???

Place a bet and protect yourself if you're wrong.
 
I showed DDD daily chart to a very special individual. He said the up move started from 09/27/12 has up to 18 red bars and 35 green bars, whichever comes first.

He has Autism. He has made me truly believe that "People assume that time is a strict progression of cause to effect, but actually from a non-linear, non-subjective viewpoint - it's more like a big ball of wibbly wobbly... time-y wimey... stuff. " (The Doctor from "Doctor Who")

Let's see if it is true.
 
Quote from Daring:

One of the strongest stocks in the market, flying high when the markets are flying low.

And you want to short it?
More...

I am only looking for $3 down; i probably would not short a higher open and run up, only a lower open and some downward movement; my reasoning was to find a stock that still rallied the last few days, lagging to recognize overall market weakness...but yes, trying to short a strong stock just because its price is still high is dangerous

thanks everyone for the critiques; if i do trade this, will do with extra caution; we will see this coming week if it shoots higher or pulls back at least $3 as I suspect
 
i've learned the hard way not to short stocks in a strong uptrend and vice versa.

DDD is above the 20, 50 and 200 dma. there is no sign of weakness.

if you feel the need to try to pick a top then like other posters have said use a tight stop. also consider going long puts or a backspread to try to keep cost down but even then there's a tradeoff.

IMHO, it's better to prey on the weak stocks than the strong ones.
 
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