3D Printing sensation Stratasys (SSYS) proved to be a big winner when its share price soared on Monday on news that bellwether General Electric (GE) purchased a private 3D printing company named Morris Technologies.
With the December $70 calls up 170.37%, sell all of your options here to lock in these big gains.
With the stock up 25.19%, I am also going to recommend that you sell your SSYS shares here, as well.
This is a volatile sector, and once it pulls back, I’ll be looking to get back into the 3D printing space in future Bull Market Alert recommendations.
The market continued a modest recovery last week, with the S&P 500 rising 0.80%, the NASDAQ up 1.75%, and MCSI Emerging Markets Index bouncing 0.58%.
The biggest gainer in your Alpha Investor Letter portfolio was Stratasys Inc. (SSYS), which soared 13.69% as the entire 3D printing sector returned to favor after an acquisition by General Electric Company (GE). This position is now up 17.93% since you re-entered it.
In a sign of a sustained bounc
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