Welcome to the Hardcore Husky Forums. Folks who are well-known in Cyberland and not that dumb.
Taking a position in twitter
One of my investing tenants is for high flying growth stocks, they need to fall 20% minimum after a event b4 I initiate a position.
Since it's earning announcement it's down about 25% from it's high of 70 and change mid April.
The downside to their story is they have to find a different business model as a Social Media Hub b/c it has just become a left/right battle where half the people who read it will love it, the other half will call you a pathetic tool shed and then the two sides beef about it. Meanwhile people might use it as a large scale facebook go somewhere else. It is at it's best when it's breaking news in real time.
The upside is at 45 billion market cap there are players out there (Microsoft, Google, Apple, Amazon, maybe Facebook) who could buy it to fill in a niche, or just use it for their data, ai, and existing user base.
Target price mid 60's in next 6 months for return of 20%. Next buy point if drops is 52.
0 ·
Comments