Why dip More Speculative Tech The actions may not be over yet

While many Robinhood speculative favorites have dropped sharply in the past two weeks, they are still often well above where they traded two or three months ago, and likely remain rather overvalued overall.

For example, while the fuel cell plays Plug Power (PLUG), FuelCell Energy (FCEL) and Ballard Power (BLDP) are now down 40%, 44% and 32%, respectively, from recently established highs, are still 67%, 92% and 33% from where they closed three months ago. And each of them still sports forward sales multiples north of 40.

Similarly, 3D printing reproduces 3D Systems (DDD), Stratasys (SSYS) and ExOne (XONE) remain up 357%, 147% and 215% respectively over the past three …

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