After the turmoil we saw when the market threw up shares right before the "Official ER Announcement" let's see where we are now.
$TWTR is still inside A consolidation Triangle that ranges from $29.50 until $74.70. It was not able to break it and it is just trading inside a shrinking consolidating range around $40, which is around the price set close to its IPO.
$TWTR is a great company, technologically speaking, it has great popularity, and a lot of potential to the upside, but just like Zuckerberg said On Twitter: 'They Drove A Clown Car That Fell Into A Gold Mine' . Dick Costolo has to be a leader, pick up the pieces, bring the company back together again and be serious about it. Otherwise $TWTR risks to fall down the consolidating triangle and the company could really become so cheap that it could be acquired by someone else who will put discipline to the team, and that won't be a rumor aired during market hours.
Periscope has potential for video ads and we're close to presidential campaigns, so there is a lot of domestic market for ads in the near future, and when the foreign market regains momentum, this will be catapulted.
I am neutral on this right now. It has to first hold above the 38 level and eventually this could go all the way to 40 - 48.
A remainder for traders. Wall St. Never gives gifts away, there are a lot of cheerleaders that will profit on natural human greed and fear. And if the market doesn't remember its history it will be doomed to repeat it over and over again.
$TWTR is still inside A consolidation Triangle that ranges from $29.50 until $74.70. It was not able to break it and it is just trading inside a shrinking consolidating range around $40, which is around the price set close to its IPO.
$TWTR is a great company, technologically speaking, it has great popularity, and a lot of potential to the upside, but just like Zuckerberg said On Twitter: 'They Drove A Clown Car That Fell Into A Gold Mine' . Dick Costolo has to be a leader, pick up the pieces, bring the company back together again and be serious about it. Otherwise $TWTR risks to fall down the consolidating triangle and the company could really become so cheap that it could be acquired by someone else who will put discipline to the team, and that won't be a rumor aired during market hours.
Periscope has potential for video ads and we're close to presidential campaigns, so there is a lot of domestic market for ads in the near future, and when the foreign market regains momentum, this will be catapulted.
I am neutral on this right now. It has to first hold above the 38 level and eventually this could go all the way to 40 - 48.
A remainder for traders. Wall St. Never gives gifts away, there are a lot of cheerleaders that will profit on natural human greed and fear. And if the market doesn't remember its history it will be doomed to repeat it over and over again.
