This is easily my favorite company to come out of the SPAC craze that's currently gripping markets, and right now it's currently available for a solid looking dip buy.
Desktop Metal is an interesting company, essentially leading the second generation of 3d printing, which they call "additive manufacturing". The key difference between DM and the companies of yore is that they can 3d print METAL ALLOYS. Suddenly 3d printing becomes useful for more than prototyping, as DM is able to create metal parts for a fraction of the cost and a 100x the speed of traditional manufacturing.
The company is projecting more than 25% top line CAGR FOR A DECADE - this is a huge opportunity to get long a highly promising company, at a good price to boot as the stock pulls back into the buyable fib zone. I'm long shares and short calls wayyyyyy OTM.
They produce solid revenue and have the highest YoY growth across the metal printing space - 41%
trader_bill
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Very bullish imo
PerennialSynergyAnalytics
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What do you make of today's action? I was interested in it for short to intermediate term gains, but I am a bit perplexed by today's consistent selling. Any input?
PropNotes
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@Perennial_Synergy, well it could go up or down lol