10/12/2014 – 3D systems

3D Systems, DDD:

1. As noted in previous Williams edge stock meetings, a weekly close below $46 in 3D systems indicated new short entry for a tradable decline to $40/$39 (or lower) into mid Oct. 2014.

2. The week of Oct. 29 closed at below $46 (at $43.53) triggering new short entry. The market subsequently declined to the $40/$39 initial downside target (session low, $39.09). Lower prices remain likely.

3. Those taking advantage of the above trade indication exited all or a portion of their position at/near $40/$39. Any remaining short position should be held for the possibility of lower prices, including a test/attempt at $37.80/$60 (or lower). Will update as the market confirms.

David Williams

CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.