The idea that people will dump fb for twitter is absurd and stupid
Twitter is losing money.
Why would I spend 10 dimes on twitter to see it lose value over the next 3-6months or more.
FACEBOOK IS MAKING MONEY.
Twitter is a losing short term bet unless you buy puts or write covered calls.
Funds will buy twitter and hold it and hedge their positions.
Me buy twitter shares nothanks
I will buy a put instead
whether you like it or not, FB and AAPL stock is not all about the metrics. both trade on a glamor type status. if glamor gets tarnished, PPS does too. right now, it is all about Twitter IPO. glamorous. FB, esp with young teenage user rate declining, stock is already old hat. investors already on to the next runner. short term, THAT IS NOT FB. expect to see a decay to PPS for at least a Q or 2. no dividend, don't expect to see your typical investor, or institutional investors, to hang around. they will sell.
I give this a hold for now but have fading confidence. the PPS is in free fall today while the DJI soars. AAPL and FB both dragging down NASDAQ.