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ExOne specializes in additive manufacturing with metals, using a
binder-jet process. A good overview of the original high-risk
thesis can be found
here, but note that I warned readers that the short
squeeze was looking unsustainable
just 2 months later.
This gave investors a chance to get out with 10% gain. By the
time coverage began here on CrowdWisers, notes were becoming
increasingly bearish as the company pursued a strategy that had
little chance of bearing fruit until at least 2016 or 2017.
Although I did mange to call
the bottom, it was with great caution, and I instead turned
to shorting some
of the highs later on to good effect, as documented in my companion
short side service on Seeking Alpha.
Even so, I kept my commitment to subscribers until they recently
agreed that it was time to drop coverage in order to devote more
attention to the many better ideas that I have identified. I
continue to be interested in the science that drives this
industry, and readers may wish to give particular attention to the
final two updates for links on new competition in this space.
However, subscribers are already aware that my coverage has
shifted to prioritizing mostly safer high yield options due to
macroeconomic changes that are just beginning to affect the