Try to do it above 45. You may get this if there is a retest of the highs. Be sure to scale into this position. When the options are available next Friday, many investors are going to be converting their shares to call options. This is when you should be converting your short shares to put options.
This company is going into the Teens there is no projection or earnings no Guidance. The
retail investor took a hit on this one . I don't think there is one institutional investor in this .
Twitter belongs in the Micro Cap's . Pump/Dump that's all it was .
Now, wait wait... now, wait wait wait.... now.
LOL This will probably keep drifting lower continuously over the next few weeks. Same as FB when it first went public. Having said that, dreams can be expensive.
They originally priced the thing at $17-20. I would keep shorting until $36, then see where they are at.
After FB, I don't think anyone can blame shorts for taking this down all the way to $36.
Sentiment: Strong Sell