That's actually not true. It went down from like 128 to 100 in a flash crash. It took it like one month to come back. But the real danger is it's forming a classic double tops and now with Citron's MLNX comparison makes it looks really bad. It's now a fight of word between Citron & Cramer. One is best to stay out of it or take profit if there is any to be taken. The upcoming ER could be the nail to the coffin if there is any mishap. Downside seem outweighs upside at this point. Cramer has been dead wrong many times. His track records is mediocre at best, but Citron is known for bear calls.
BTW, did Cramer responded to the latest Citron writing in today's show?
"Twitter's first-quarter profit beat Wall Street's expectations but sales fell short of estimates. The social media company posted adjusted first-quarter earnings of 7 cents per share on revenue of $436 million."
Keyword is monetize and they did it last qtr. It can only get better. I know so, a little bird tweeted to my ear last night...
You will late to the game that's why...think about it, if they can monetize it now, can they do more with their current user base? With newer product(s)? Can that be easily double?
You can say that many moons ago and with many stocks. This is just a bearish sentiment while the earnings are facts. Fear is in so is my greed (I wonder who once said that)...
Buyers are just waiting the dust to settle down. A beat in earning with down like this is just too good to pass up.
I'm hoping it would stay down so I have a chance to cash in my protection puts. I know this is going up now that we know TWTR can & know how to monetize and the mgmt acknowledged their shortcomings and are addressing it. There is no reason it can't make more money. And then more users will follow. Twtr is still a very unique platform and in its early stage. It took years for FB also.
Not comparing to FB at all. Each has its own merit and serves different needs. It's important to keep in mind TWTR has just demonstrated it CAN monetize its user base and it is in its early stage (hint: growth). One should not let few unintended misguided words from fresh management (albeit temporary) as the gospel or indicator of their future growth (is the point).
This reminds me when FB said younger users were not using as much in of their ER. Look where FB is now. Just look at the real numbers and keep in mind that it's more important for TWTR to be able to monetize than getting munch of users...
I think it has to do with the management being very conservative going forward. Relax. The ER is good and a bit of discipline management will work in the company's favor going forward. It's not all gloom and doom.
He just got pecked by a little blue bird!!
Why do people always try to comfort themselves by saying AH is meaningless? It's the precursor to what's coming tomorrow!
It's 38.6 AH. Went as high as 40.9 in the initial AH pop. It needs to fill the gap from last qtr earning drop so it should be about 47.5 tomorrow or next few days. Depends on macro market condition, of course. But, I think we are out of the woods from recent China down trend. It's all good!!