scheplick

Some thoughts on Twitter after earnings

NYSE:TWTR   트위터
Okay as a long-term follow of Twitter I want to quickly chart the stock and write my thoughts here. Let's go:

1. There is still so much resistance to clear and it goes back to its IPO.
2. This resistance is heavy and each red circle actually shows how many people have cleared out and run at various points when the stock has tried to go higher.
3. Twitter is still below its IPO-day highs! This is after 7 years of trading.
4. The bottom panel shows free cash flow and that's a metric I really like to follow but this is particularly concerning. Twitter's FCF is still too low and needs to reverse.
5. I think the stock will chop sideways for another quarter or two as long-term holders step in and people who have been trying to get out, get out.
6. The mid-term election is about to begin and when Trump and Biden start debating... well it could bring a lot of user growth to Twitter. They need to be ready for this.
7. They need to bring back Vine! Jack had TikTok before TikTok and gave it up without much conversation at all. Bringing this back would be a long throw deep into the end zone worth trying considering the size of TikTok today.

Overall, I am no rush to do anything despite my core positions as it chops sideways a while longer.

If it breaks $40 though...

I work at TradingView helping to build charts, tools, and software for everyone interested in financial markets.

Twitter: twitter.com/scheplick
Blog: scheplick.com/
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