TWTR reached a high of $53.28 on 4-7-15. Current low after the downward move was $36.10 on 5-27-15. $53.28 + $36.10 = $89.38 / 2 = $44.69 50% retracement. Have no idea when it will get there. Have no idea if recent low of $36.10 will hold, but if it does, it's just a matter of time before TWTR retraces 50%. I have lived by the 50% retracement rule for decades in both stocks and futures... incredibly reliable. One of two things will happen. Either current management will figure out how to monetize this amazing globally embraced platform or someone else will. All in my opinion. Good luck to all.
Talk about a stock I'd love to own! If it ever went public, which is doubtful, I'd buy as much Union Pay that I could. But I doubt that's on the horizon anytime soon. Go Visa! What an amazing stock and company. Good luck to all!
With all due respect, I sell put and call options for a living... hardly an index fund investor. I often sell stock options with strike prices close to the current price in an attempt to purchase the stock at a lower price while getting paid premium for doing so. I want to avoid a K-1 in case I am "put the stock". I have done a great deal of research that pointed to CBI NOT being an MLP, yet, the description of the company is similar to others that ARE MLP's. It's the diligent investor who asks questions. I called the company directly and e-mailed investor relations as well. No response. I wonder if you could describe a naked put option? A covered call? A sell strangle? A Jade Lizard? An Iron Condor? But thanks for your condescending comment...
Just trying to find out before making a decision. Thanks in advance to all that respond! :)
Absolutely true. The over-reaction is due to the leaked report. Sure, the earnings weren't what were expected, but the market over-reaction was caused by the "story value" of the premature leak.
As Buffett said, "Be scared when everyone else is greedy, and be greedy when everyone else is scared." And to paraphrase Templeton, "Do not look where the outlook is brightest, look where the situation is bleakest... that's where the real opportunity is."
As someone who just got into TWTR at an unbelievable discount, I am happy to abide by Buffett and Templeton's words. TWTR will either right the ship and the stock will climb, or they'll be bought and the stock will climb. Just a matter of time and I'm a patient guy. Good luck to all!
This is the reason for the huge spike today. Now if only UnionPay would go public! Have a great day, everyone! http://www.bloomberg.com/news/articles/2015-04-22/china-set-to-open-bank-card-clearing-to-foreign-firms-from-june