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Mutual Fund Buying
Hi Pascal,
I noted this yesterday as well. 1st day of the month is often strong as IRA $$ flood into mutual funds and they buy what they will.
The volume and LEV levels were huge on these names. They reversed about 1/2 of their gains, but I think we gotta pay attention to this area in the coming days/weeks to see whether they hold up and if you're a discretionary traders, find a low-risk entry. BTW - DDD had an awesome looking 20d LEV chart before yesterday.
I think we need to consider that mutual funds were buying 3d printers like crazy on Jul 1.
Take care,
Shawn
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