One thing holds true, eventually price comes down to meat earnings, or earnings rise up to meet price.
Apparently I have too much trouble separating myself from the popularity of Twitter and the fact that it looks like a horrible investment.
Twitter (TWTR) broke down below $14 on Tuesday. Expect some big swings over the next three months followed by a rally into earnings. TWTR is an excellent trading stock.
Ok I am in too. It bounced off from $13.9 again. If it keeps going down, I will probably add to it again later. Seems like they are evolving to become a "news app" from a "social networking app". Makes more sense to me.
Looks to be giving back most of it's gains from yesterday. Jumped from 14.00 to almost 15 yesterday and now back to 14.3X
Twitter (TWTR) is bottoming out right now near $14. Expect some big swings over the next three months followed by a rally into earnings. TWTR is an excellent trading stock.
Analysts to Twitter: 'Hope is not a strategy' Analysts at MoffettNathanson sent a message to Twitter on Tuesday: Get it together. In a note that said "hope is not a strategy," the firm downgraded Twitter (TWTR) to "sell" from "neutral," citing advertiser fatigue, a tough road ahead and saying the company's new initiatives are "too little, too late." Read full article here: http://www.msn.com/en-us/money/companies/analysts-to-twitter-hope-is-not-a-strategy/ar-BBtpsZj
It is probably getting close to the buy point. When the big interests are trying to buy a majority stake of a stock and shake out the weak public hands and take control of, and have the ability to limit the supply of stock available for trade (so that they can easily move it higher when the time is right) this is the kind of bearish news/shenanigans that typically gets press. Months ago I had projected a $12.50 price objective from the point & figure chart. With the close today of 14.03 it is getting close. I will update my chart and try to post in Wyckoff trade journal.
Closed my position in TWTR today. Got tired of waiting for it to go up so I could make some profits. In at $14.92 on 4/28/16 and out at $14.82. I still think this range is the bottom ($14-$15) and that it will eventually go up, but it's a headache and real pain in the ass to be in. Good luck to those that are in!
You're taking Twitter so seriously lately. Must have been strongly invested in it I reckon? Still in but this is not my highest priority stocks.
