I'd say something like "Twitter is trying to re-imagine itself" with all the appointments but at this point they just look lost.
Volume Buying for options expiration should take this nearly to exactly $17.50 or $18.00 flat. Going to be capped and controlled.
When the boyz allow the release of good news [ Twitter outperforms on ads for Buzzfeed's election livestream ] on a slow holiday before the weekend it probably means they don't want the public getting involved yet; the boyz are buying and may take it lower. My PnF shows downside targets of 13.50 (met) to 12.00. I remain bullish longer term and just waiting for them to flush it and then I'll buy when the supply dries up. The upside target so far is 44.50, but that will increase as more cause gets built.
Twitter had a nice summer rally, June to October, which attracted a lot of public attention and buying, so the smart money took the opportunity to sell to them. The last 5 weeks of trading has not even been able to close the gap of the supply bars of the weeks of Oct 3rd and 10th. Maybe the boys are supporting it here, and maybe it will attempt a test higher in the short term, but I suspect for a meaningful move it first needs to spend some time under the preliminary support (PS) line to get re-accumulated by the big boys and shake out the remaining public. Then it needs to get really boring; low volatility and low supply volume. By January or February it may be ready. Weekly Vertical Chart:
Don't think DT statement on twitter will make it cross 19 today. Will be pinned at 18.5 until BO or some official statement.
$TWTR Hey.. Love this company, and it's potential! Not loving current management team! No buy out needed! Just new management team! $10 pop!
TWTR Stock: What's Driving Twitter Inc Buyout Rumors This Time? http://amigobulls.com/articles/twtr-stock-the-myth-thats-driving-twitter-inc-buyout-rumors-again?p=n There's enough reason to believe that Salesforce may not buy Twitter!
$TWTR actually doesn't look half bad. It has stopped going down and holding the 200 day. If it tags this you buy it. Hell you may even buy it now.
I came across TWTR again. I like it. I think it has bottomed. If Jack and Company can do ONE THING RIGHT this is going abck to the IPO price of $26. Holding above 16 is LONG. EDIT - IPO price was $26 not $28
My intermediate target when it takes back 19.50 is going to be the gapfill to $24. If they can do something with earnings. Anything Good. Something. And it gets over $25 the chase is starting. It will be all in the news and then I would be targeting $30 then $40. That is a long way away, like I said I think the near term target of low 20's even the gapfill is very achievable. I don't think Twitter as a platform is going anywhere, it's base is staying.
