The media has been bearish on TWTR from the very first day. Why hasn't it "popped?"
I just feel sorry for poor retail investors who are left "holding the bag" and underwriting the underwriters!!!
LOL. Yeah, and we have a bridge to sell you, too.
OK. I've read two of your posts now.
That's all it took to put you on permanent ignore, grasshopper.
I'm afraid you're way off base on both counts, grasshopper.
I'm an investor with over 30 years experience who is sick and tired of underwriters who do a great sales job bidding up the IPO price of stocks they underwrite so that their insiders profit 100% the first day of trading and screw retail investors who are unwittingly left "holding the bag."
This is not to say that TWTR may eventually become valued correctly (it will). But in the meantime, the downside risk is far greater than any short-term upside. Just ask Facebook investors.
In the short-term, TWTR will generally rise with the NASDAQ but during downturns will sell-off at a much more rapid pace. That's the risk that's built into the PPS.
They are going to have trouble justifying this market cap very soon.
Way over-hyped, over-valued, and over-bought at $42.
At the end of the day, this IPO will be even more poorly priced than even Facebook.
They are going to have a lot more difficulty monetizing this, IMHO, than Facebook.
I see a slow decline into the low 30s before any true valuation starts to appear.
A pure momentum play at this juncture. No fundamentals to support the current stock price and management has been accused of questionable accounting practices.
I wouldn't consider buying into this until final capitulation occurs, which I suspect is somewhere in the low 20s. We'll see. I'm staying away for now. (In SSYS for now, instead.)
This thing will definitely see 20s and perhaps low 20s at that before it is all said and done.
Hedge Funds can manipulate small companies like this at will. They will bid and pump them up, then ride them down for profits in both directions. History always repeats itself.
Stay away. Unless you're shorting with an intention to cover in the 20s.
There is nothing to comment about.
If anything, they don't want more attention drawn to their accounting practices.