back to the nest
Twitter failed to impress with its beat on EPS and in-line MAUs. Wait, I though MAUs were not that important? I guess they are now. The real evil was in the Revenue and Guidance which was really poor. We don’t believe $TWTR deserves the outrageous 20% discount suffered yesterday. In fact, we believe we will see a slow bottom forming at $40 before a test at the old $45 line. We wouldn’t encourage traders to remain but we wouldn’t sell at these prices. Unless you are in the group that Buys High and Sells Low. We remain long (and have to remain long :P ) with an add here and below $40. We would use a 25/75 rule to buy on these dips. Price Target would be $45, or if you are young and/or a risk taker, just remain and enjoy what it is sure to be a very profitable platform. The current officers just need to figure out how to monetize all the powerful data… or someone else will have to do it for them. | $TWTR bounced from the long trend line which reaffirms the support trend. We are back at home. GL :) |