Tuesday, 14 July 2015

TWTR - more hysteria

Whilst the broader market saw moderate gains, there was more significant strength in Twitter (TWTR), which settled +2.6% @ $36.70. However, an online post touting a possible buyout saw the stock briefly hit $38.82. Broader price action remains a mess.. and the June low of $33.51 looks very vulnerable.

TWTR, daily


*as at 4pm EST, the website of the Bloomberg imitation has been taken offline.

As for TWTR... price action remains a real mess, and the June low looks set to be taken out... not least if the sp'500 loses the giant 2K threshold within the next month or two.

TWTR pays no dividend.. still unable to turn a profit... and I am most certainly no fan. Perhaps I should tweet that?