More Big Cats Stalking This Prey

I took a piece off of my TWTR long inside the 12631 Trading Service just now. @RaginCajun and a plethora of our members were also in the name, as it has been a true group effort.

The stock looks to be under increased accumulation, or large buying by institutions of size. It is impressive to see the name stand out in this morning’s overall soft tape. But, as we have been noting, Twitter has demonstrated for a while now that it can trade in its own world, oblivious to the rest of the market for better or worse.

I am trading around the position for now, for the sake of discipline into the holiday. But if these gains largely hold I will seek to add back to it next week and perhaps throughout autumn.

Here was my note to members just now:

Sold 1/4 of 3/4 Long $TWTR @ $49.77 from core $45.57 entry and $46.19 add to scale gains into strength. 1/2 position left now. Stop raised to core entry.