So, you don't understand crackerass? stop posting your drivel on FB and learn how to make $$$$$$ from the stock.
I'm in the Bear Camp on this stock. $50.35 I believe will be the highs until next earnings. Company can't turn a profit. One quarter (FIFA World Cup) does not prove anything. And that's what TWTR will need to do in the coming quarter(s): prove that earnings and profitability are real. I think shorting this pig is your best bet.
And according to this post on Fidelity, pps quite possibly headed back to low $40s. Think FB is the only tech stock the industry is trying to keep a lid on? Think again.
"The shares are closing in on an important technical level from a psychological perspective at $50. While shares recently hit above that level following earnings in extended session trading, they have not gotten back to this important hurdle in regular trading. How shares behave when they test that level will be important for determining follow-on price action. Stop at $50 and there may be a test in time down to the lows of the post-earnings announcement at the $40s area. Breakout, and there may be a run back to the high $50s. At the current price of $49.59, next resistance is at $50.12 and then at $51. Support is at $48.77."
bought at $49.65 PM and sold at $50.28. Out of this PIG and back into a real company, FB, for the long haul to $85 by end of the year, maybe early as Thanksgiving. At least FB makes profits! TWTR? Long way to go.
ncc-so you're saying you think the pps action will touch yesterday's close $49.43 and THEN try to runup and break $50? $50.12 is resistence.
I'd like full disclosure. Does he buy more today for his clients after this downgrade? SEC do your freaking job you worthless entity! This is the most obvious blatant piece of manipulation I have ever seen.
Who are these people? I mean, there's no manipulation in the stock market! Thievery!