TOP SHORT PICK STRATASYS GETTING FLATTENED

I've got to hand it to $GFFNStock (Tom Renna): He's been warning on $TITN for quite awhile http://t.co/Fso3e4laAg Also not a fan of $SSYS
— Herb Greenberg (@herbgreenberg) May 24, 2013

Stratasys (NASDAQ: SSYS $58.38) was top short pick here at Equities Research based on their poor fundamentals and low margins.
The Shares had a nice run higher after a September 2013 underwriting led by JP Morgan when the company received over $400 million.
After announcing poor quarterly results this week shares tumbled over $25 this week as investors lost nearly 30% since Monday.

BARRONs: 

Stratasys Plunges 27%: Q4, ’15 View Miss on MakerBot; Steps Up Spending

Stratasys down $24 in 3 Weeks...now what?

Stratasys (SSYS) has traded down off it's all time (18 year) high 19 days ago at $92 to $68.

Now What?

Well I personally think the stock is fundamentally overvalued and I really can't see anyone buying stock until the December 31,2012 financials are reported on approx. March 4th and listen to the conference call.

The cash flow statement is very weak. The balance sheet is strong so I don't think the stock is going down forever.
I am concerned that the owners of OBJET will have their (15 plus million) shares being registered sometime this year, (next quarter?).

here is a technical chart from Greg Harmon of DragonFly. Harmon has nailed the stock time and time again like he does with so much of his work. To See a technical chart by Greg Harmon of DragonFly Capital,  click here

here is a NYTIMES BLOG from this weekend and a MorningStar report that is scary.

2013 Posts on Stratasys:

•  3 D Printer Stock Stratasys is Gonna Get Flattened 

• Wall Street Journal Online Responds to My SSYS Email