Thank you very much, bouldercityenvada. I also regretted to sell apple too early. If I kept 1500 shares aapl at $13 longer, I became a member of multimillionaire club for a long time ago.
Even I don't have intend to compare Jack Dorsey with Steve Jobs, I only see the same situation of TWTR now and AAPL in 1997 which I invested in at that time.
Steve Jobs was co-founder of Apple with Steve Woznia in 1976. In 1985 he was forced out and found NeXT and Apple was on downhill and almost bankrupt. In 1997 AAPL wanted him back to be CEO and bought his NeXT. At that time all analysts and investors were against him and said AAPL will go to bancruptcy court very soon. Therefore AAPL went down further and price was about 11- 12 dollars. Fortunately Bill Gate and a Saudi Arabia prince believed in AAPL and Steve Jobs and invested a huge amount of money in AAPL. A short time later Steve Jobs invented IMac, Itune, Tpod, Iphone and Ipad etc...and the rest is history.
Now Jack Dorsey was co-founder and CEO of Twitter was forced out a few year ago and he found Share. During that time Twtr was slowly down the hill because the competition of Facebook and Google. In October 2015 Twtr has to bring him back to replace CEO #$%$ Costolo. Again, he got criticized left and right by analysts and investors and the stock price went down further.
I really don't know he could turn around TWTR or not but I knew two things for sure:
1. He just became CEO in 10/2015. The time is too short for him to do anything yet
2. He is a talented person ( you can see it in his Wikipedia)
I think we should give him time 1 or 2 year before making judgment about him. In the meantime, do not sell stock because of the noise around. You might make a big fortune in a couple of years.
Hi, hi. Remember with good news other biotech stocks such as MDVN up from 8 to 40 in 1 day, ICPT up from 72 to 400 in 2 days, PBYI up from 59 to 233 in 1 day etc. So TKAI may get a chance some day.
People use twtr all the time. You always heard this football player twists that, the other politician twists this etc...In other word, twtr is very popular and has a lot of users. I believe many companies want to take over twtr. The reason that twtr is down because of its uncertainty about leadership. Once this problem is resolved or a rumor of buyout spread around, twtr will take off.
Very simple. Many big investors lose money by TWTR. Now they sell for a loss to reduce tax. Their action depresses TWTR price further. But after 31 days (next year) they'll buy back because TWTR is still a valuable brand in the social media world.
Remember a few year back GS said oil going up to $200. Oil price is totally manipulated by Wall Street crooks. We all agree there are more oil now than before but the need of oil is also much bigger particularly in countries with large population such as India, China, Vietnam. They use motor cycles or cars instead of bicycles in the past.
I don't think so.
We also should blame his accomplices and naive and greedy investors. Every body knew it's a scam but they participate eagerly and believe to get out on the top. They think they can beat the #$%$s but obviously #$%$s are far more dangerous than they think. If no investor buy stock, #$%$ will be bankrupt when the stock goes to zero.
This is ridiculous. There is no stock for short after shkreli bought 70% float. The only people can short are his buddies.
Who says that he shorts kbio now is a liar. Because there is no stock to short, no option exists
There are very little amt of shares on the market. Almost all shares are owned by shkreli and his cronies. No share for short and shkreli keeps manipulate the price higher and higer until he sell all his shares and short a huge amt of shares to naive people. Then he resigns and price drops to zero.
So he has to make another trick to manipulate stock price by buying and selling stocks at the same time with increased price to lure naive people in. Once the price can't be increased more he'll sell his shares to pocket big profit and let kbio to bankcrupt and other people to hold the bag.
The reason that the price keeps moving up because Shkreli uses the very old trick "buy and sell at the same time with the price higher and higher" (Jim Cramer explained this fund manager's tactic many years ago) to lure investors in. Beside he control the float so no one can short but himself.
Because greed makes people to become stupid. They don't ask why we should buy this company?