Sigma Labs, Inc. (OTCMKTS:SGLB) Slips in Double Digits
Ever since it hit its 52-week high at $0.258 in the last trading session of November, Sigma Labs, Inc. (OTCMKTS:SGLB) has not been doing so great. The ticker has dropped 30% as of yesterday’s close, stopping at $0.18 by the bell. Share volume picked up and reached 14 million shares traded – the third highest for the past month.
The company has been keeping quiet on the press announcement front for a while now and the price is moving without any PR pushes and more importantly without any pumps, as SGLB has managed to steer clear of any organized stock promotions. Despite the downward movement, nothing significant has changed in Sigma’s situation that should warrant a massive sell-off and the movement could be triggered by earlier joiners who are in for the quick buck and are squeezing the recent highs of over $0.20 per share.
Longs seem to remain calm about the downward movement and regard it as normal. Even though the drop is written off as part of the usual OTC market roller coaster, if SGLB keeps slipping and closes below its 50-day MA, this may scare more people out of the stock. It’s quite obvious that SGLB is a longer term play for those who believe in the company’s ability to take their closed-loop quality assurance system to the market in 2014 and turn it into a huge success. Still, traders should not expect that there are no people who are in for a shorter ride and would sell on price spikes.
While we don’t have a standardization expert on hand, it’s more or less common knowledge that there is no proper standardization in the additive manufacturing sector. With huge companies like General Electric Aviation making ever bigger strides in additive, Sigma has a fair shot at making a splash in the area. However, 2014 will bring far more clarity to the matter and longs who believe in SGLB will have to roll with the punches until then.
Another 3D printing stock is trying to steal the spotlight from Sigma as the OTC king of additive manufacturing but is doing it in all the wrong ways. Makism 3D Corp. (OTCBB:MDDD) surged nearly 48% yesterday, with ecstatic traders still buying in on the pump campaign targeting the company, with reports of shiny paper mailers for MDDD landing in our readers’ snail-mail boxes. Obviously the paper mailer and the recent email pump push for MDDD got enough people excited despite the fact that the company is currently stamped with the “Buyer beware” skull-and-crossbones on OTCMarkets.
