Wednesday, 26 March 2014

FB, TWTR - momo stocks trashed again

For the second time this week, the momo stocks were slammed lower. Facebook (FB) and Twitter (TWTR), both saw very significant declines of -6.9% and -7.1% respectively. Near term outlook is bearish, and both look to have broken key support.

FB, daily

TWTR, daily


Little to add, except that from a purely entertainment perspective..these hysteria stocks continue to offer some comedy gold.

*here is a thought, maybe FB should buy KING ? The ultimate tech marriage?