I'll start.....I say it opens at about $64- $64.10, trades as high as about $64.80, and then closes at about $63.27 or even less than $63. We know it's up today, I'm more interested in tomorrow's trading and the close for the week.
If it prints another doji star like the last two, it will trade lower the days before the ER report.
You're in the market to make money. If you already have a good profit, why be greedy? My average price was $69.40 for my short position. I covered some yesterday, I probably should have covered all of it....But at least I already have a good profit. No one ever lost by taking a profit, you're always going to leave something on the table, as well as save money for not being greedy.
That would keep the downtrend in tact, and almost assure a return to the $50's....Anyone with dry powder might consider fading tomorrow's gap......If I'm correct, I'll be back here to gloat tomorrow after hours. If I'm wrong and it goes a lot higher (over $64.50 or so), I won't be back here........
Notice they're already fading FB's big move in AH. We're in market correction territory, the broader market looks like it's going down a lot more....When that happens, it takes everyone else with them, esp. the companies with no earnings like TWTR.
If you have some dry powder, you may want to join the crowd who will probably be fading tomorrow's open.
I played it perfectly......I went long YELP today to match the amount of shares of the common I'm short TWTR.....
Facebook's growth is huge, Twitter's growth is slowing......Facebook has much stronger engagement and staying power metrics;, Twitter is very weak in that area.
Facebook has been a public company since May 2012, Twitter hasn't even reported even one quarter yet.....LOL
There's no comparison! This move will be faded tomorrow faster than you can say "way overvalued."
YELP should benefit the most from FB's results, as the metrics are similar. On the other hand, it's evident that FB is crushing TWTR in all ad metrics.
On the other hand, you may want to use this opportunity to go long YELP......YELP is a much more mature business than TWTR, and FB's numbers is definitely a positive read through.....see YELP in AH, vs. the muted reaction from TWTR....
Please report back to your bunks immediately......Facebook is not Twitter, so don't even bother covering just because FB had a good report. Any positive read into Twitter's upcoming report is misguided. There's nothing to see here....move along....
It's about time Chicky.....The volatility today is huge....Sure, transaction taxes will take care of the minimum wage rise and the stupid government retirement program.
Even though I'm getting impatient with this stock (it should at least be at $54 already), I realize the dip buyers have to get crushed gradually.
"While those other companies rack up billions in quarterly revenue, Twitter has yet to generate even
From Street Authority, Jan. 28, 2014:
"Twitter is yet to generate even $200 million in any given quarter. Of course, investors look ahead, and excitement has been growing at the prospects for 2014 sales growth of 76%, and continued robust growth in the future as well. But don't count on it. Signs are emerging that Twitter may have a hard time converting a large user base into a profitable user base"
"That concern stems from recent research conducted by John Blackledge, who follows TWTR for Cowen and Company. They surveyed dozens of potential customers regarding their preference for Twitter, Facebook, Google or LinkedIn (LNKD) as the ideal advertising platform. Just 5% chose Twitter, while 60% chose Facebook, 25% chose LinkedIn and 10% chose Google. It seems that Twitter has badly misread the market, compelling advertisers to commit relatively large sums of upfront costs to build Twitter-based ad campaigns."
"Cowen sees shares falling nearly 45% to a $32 target price, but I think that's too bearish. There will always be supporters for this stock that will swoop in if shares tumble much lower. Still, it's reasonable to see a drop to $40 once Twitter's more sobering growth outlook has been digested. That's more than 30% below current prices. Perhaps as a bit of solace to those investment bankers and company insiders, that's still a much better price than was envisioned for this stock in its pre-IPO days."
Great article elmo, thanks! Futures are already off the previous highs.....the manipulative unethical futures traders drove the AH futures way up on the Turkey news.....But does the huge drop in the durable goods report have anything to do with Turkey? I didn't think so..... It looks like the central banks will do anything to try to prevent a stock market correction.....
As for Twitter, it's amazing that shorts would cover in AH, these are obviously day trading scalpers who can't afford to have their trade go in the opposite direction for a point or two.
TWTR is trading at $61 in after hours. Great article that just came out before the bell from Street Authority, explaining why TWTR will be taking a 30% nosedive soon. In the meantime, some clowns are covering in AH.
And that's why I have Netflix, so I can stream a movie tonight using the Google TV device.....Watching the state of the union address is like watching the celebrity awards show.....They're all there congratulating and sucking each other up.
Great, so his solution to the wealth gap is to hike the minimum wage? That's hysterical. How about he says something that would cause the stock market to fall 1,000 points? That would be a good start to bridge the wealth gap.
Yeah, I know cowbell, it's different this time, right? It's never different......investors/traders are like cows......Cows run into the barbed wire and get all cut up, because they don't know any better. Then, because cows are not real smart, they run into the barbed wire all over again and get cut.
Since you're cowbell, I'm sure you can relate to my example.
Cowbell....Twitter is pure gambling....Don't encourage someone to buy a stock with your subjective thesis who's savvy enough to realize that the stock is grossly overvalued.. He is absolutely correct. TWTR is strictly a momentum play with no fundamental value at this time.