We have less than 2 million daily volume, yet there are 32 million shorts outstanding out there to be covered. Even then, once stock goes up those who lost from this stock will come back for break even. Once it hits $15 it won't look back. Imbalance, imbalance......
Pull back to low 40's. It was analysts' generated B S rally with no substance.
When FB turned around in early 2013 FB's market cap was 80.3B with 1.4 B Qtrly revenue.
Now, TWTR has 30B market cap with 420 M Qtrly revenue.
Most important thing is FB had no clue about mobile phone revenue at the time of turn around, but mobile thing is both fully utilized now. So where is growth? unless TWTR gets into porn business.
Did you miss out on FB turn around rally?
Conclusion? You are too late, dream on. 40% vertical rally without brain can not stand, man! Just pray there will be another 1999 if you're long.
There will be millions of stop losses placed in 45 and 40.
We know TWTR doesn't deserve this valuation and future growth is bleak, but that doesn't mean stock will go straight to hell. This week TWTR will go slightly below 45 but it will rip thru 50 next week fueled by Nasdaq. There will be a huge spike up next week. Let the momentum carry thru... Win win situation if you have bit of a patience. I covered today with small profits. And I bought GPRO, nice looking chart there.
Longs had a complete capitulation a few days ago, Nasdaq is about to hit all time high, GPRO has about 45% of float shorted.
These 3 factors alone will fuel this stock at least 24% rally next few days. Those doubters just sit on the sideline and watch, or short more for yourself.
Only blinded gamblers would buy stocks right before earnings report, no sympathy from me. I patiently waited and bought the stock @avg 43.08. I will be selling at 60, probably you will be tempted to buy at 65 LOL!!!
Last August GPRO broke out in mid 40's. Now we are exactly where it was with all bubble removed. Massive shorts are looking for payout day, lockup expiration opening.
Smart money knows GPRO is not just a hardware company. This is one of the biggest social media, software company. What a bargain! It wouldn't surprise me to see 24% pop tomorrow.
Sell on the hopes and dreams and cover at the facts!
Go ask FB doubters.
Millions of people are waiting on the sideline for lockup thing. It can pop 24% single day after opening.
Shorts are the worst enemy among themselves.
65% of outstanding float being shorted for one purpose, never seen before...
Nice and easy....
Heading back to $55 first.
1. GPRO is just a hardware company.
2.Nasdaq will reverse without hitting all time high. (Even if Nasdaq hits all time high there won't be few trading days of massive momentum buying.
3.It is safe to short GPRO because this stock has been under performing the market last several days.( Market efficiency is just a theory)
4. Prelude of 14% rally upon lockup expiration means nothing.
5.Stock market is just a gamble.
Probably, this company sells pills for instant AIDS cure, but still vertical rally can not sustain. Pull up the chart, history never lies. Some things happen lightening fast, but others take time to build up chain of motion. It is a matter of time, not if. We are heading back to low 20's.