If you bought TWTR close to the IPO chances are you paid around ~ 40 a piece to have the illusion that suddenly your investment made an amazing 73% in 40 days just to find later that the price tanked below the IPO price. People found a great "Buy Opportunity" when it crossed above its IPO price again on July to have the illusion that it would fly high, but, yes you're right the big But, it's back again to its 40 ish level. So for those IPO investors bad news, your money made happy a lot of speculators by changing hands and you (probably) only have a big Thank You ! (if not a big loss)
What to expect now? Even though the "junk debt rating" news was aired, I'm surprised it didn't tank below the 40 level and today the post-market reads 39.89, so not a huge drop after the announcement, and since the indicators are starting to rotate to the upside, just by looking at them and ignoring the news the rating and all the head games, they say we can expect another leg to the upside. Just trading, not investing.
I will be cautious and I'll wait for the signal confirmation before jumping to a trade here.
What to expect now? Even though the "junk debt rating" news was aired, I'm surprised it didn't tank below the 40 level and today the post-market reads 39.89, so not a huge drop after the announcement, and since the indicators are starting to rotate to the upside, just by looking at them and ignoring the news the rating and all the head games, they say we can expect another leg to the upside. Just trading, not investing.
I will be cautious and I'll wait for the signal confirmation before jumping to a trade here.
