Media calling Twitter overpriced is timid compared to when they were bashing FB months ago. They even had a fake survey reported. To me, media bashing was thin that I thought something was up. Yep.
Yep, I was right. FinanceProfessor, you know the real world is very simple. It's all scam. Just plaster the word "SCAM" in front of your classroom and give everyone an A and yourself an F.
I don't own VEEV either and I watch that stock too. It's down 4.82% today even after beating earning estimate last week and everyone having great expectation. The MM do whatever to make the most money scroowing longs, shorts, & option buyers. Even though longs might be wrong; they have the safest bet in the three.
I don't own it. I only own dividend stocks. The rest of the market is a scam.
That's what I've been saying but I get attack for accusing me of being a long.
A stubborn long who tells people 'I believe [Twitter] nearing 8 years of loss."
Believe me or not. That FB scenario happened 2 months ago.
Then how about Facebook? Just recently most people bet FB would do well on earnings and the calls buying were fully loaded. And they were right. It went up AH 15% and MM took it back down immediately before AH ended. Several fridays after that, it was pinned down to wipe everyone out.
The option market tells you people's thought on the stock moves, but MM isn't in business to lose money especially if they can move the stock.
If TWTR is a scam like I think it is and since it seemed like retail investors aren't taking the bait seeing the low volume and activities in here, shorts and option players might be MM's targets. until the day of earnings, I don't think MM will let this scam end so easily.
I have no position in Veev anymore, just checking out. But any thing is possible. There is always some dirt some where. For example, if MM decides to take it down, MM can start having gossips printed in the news about how veev will be a slow grower or veev doesn't see the need to expand with its ipo money.
You know I think Twitter is a scam. But the option market sometimes run the opposite direction since the MM are usually selling naked contracts so they usually pin the stock in the direction that make contract buyers lose the most money.
The technology to crunch data could be used to crunch Apple's own data. Apple usually acquire companies to incorporate tech into iOS. And Apple usually go for cheap companies in the sub billion unlike FB.
How can I lose money when I don't even bother touching this stock? I miss nothing.
The data mining stuffs are overrated. They provide data to advertisers to mine is similar to saying "here look at these and see if you can make any money off these." and dump the whole stack of "papers" on the table. In other words, both are clueless on how to use the data.