Feel bad for the longs that stayed with this stock since last earnings. I was fortunate to get out in the mid $60s and am still not convinced it's found a bottom. May be close, perhaps low $40s.
On a major announcement perhaps or an earnings beat otherwise it continues to flounder. Sellers have been in control since the last earnings report.
It's down in a down market and flat in an up market. Any rally attempt is met with selling. What else is new? They need a corporate shake up or acquisition for this to see $40s again. Even analyst upgrades can't do it!
The pain trade may have now switched from long to short. If $38 holds, then it becomes new support. Shorts will undoubtedly try to sell but if they fail, TWTR will be above $40 this week.
When it was rising earlier in the year, it kept climbing for no reason and then collapsed. Likewise, this stock should be climbing with the rest of the cyber stocks but some crazy hedge funds are selling hand over fist for no good reason. I guess the conclusion with this dog is you have to trade it on momentum and right now its down. When it turns, it will likely go up day after day.
Just ignore this 3rd tier analyst. This downgrade is a gift. Stock will be in the mid-30s before earnings guaranteed!
Stock is in a bottoming process. Little downside and lots of upside. Just need to be patient and wait until it catches a bid. Should move up fairly swiftly.
Doesn't make sense but the market can be irrational for a while. Trade should catch up. I agree that SINA should be in the $50s. Just need some patience.
Only reason he likes it because it stopped going down and started catching a bid. He always misses the first 25%. He prefers to recommend stocks that are moving higher. Still likes PANW at all time highs.
And you think a squeeze with a 30% short interest will end in a few hours? Good Luck! I hope you're right. I will buy again at $42, the breakout level which is now support.
Like I said, just when you're tired of holding this dog, that's when it usually starts to move. Hope you held on to your shares!
Same old SINA. Sell it over $50, buy it at $45. Stock has back in a trading range. When investors eventually tire of holding this underperformer is the time that it will pop. Nothing has changed.
Longs who stayed in this long have done well, but I don't trust this stealth rally in RAX. I would not be surprised if sellers started coming in just like the last time it reached these levels. Take profits while you have them.