It was disclosed a few minutes ago that Jack Dorsey bought 425,998 shares of $TWTR. Nice timing.
If you enjoy the content at iBankCoin, please follow us on TwitterShares of Twitter Inc. (TWTR) edged higher in the extended session Tuesday after Chief Executive Jack Dorsey bought a large chunk of shares. Twitter shares advanced 1.4% to $16.74 after hours, following a gain of 4.5% during the regular session, which put shares at a 1.4% gain year to date. In a filing with the Securities and Exchange Commission late Tuesday, Dorsey disclosed he had purchased 425,998 shares of Twitter at prices ranging from $15.84 to $16.60 a share beginning on Monday. Prior to the filing, Dorsey owned just over 15 million shares, or a 2.1% stake of outstanding shares, according to FactSet data.
Jack a @tradingaddicts follower? Crazy timing.
Great call on TWTR. Also – I like Fly’s shout out on CLF – looks set to go higher over a few weeks and a few months. As far as TSLA – I would be very scared to short it for a number of reasons. First – on a 5 year chart – TSLA has basically done nothing for about 3 1/2 years and so could explode higher after the multi-year consolidation. Also – 3 years ago in February was the time when Doug Kass – one day after earnings was released – said in the Wall Street Journal that Tesla was a great short and as usual – was wrong big. At the time – Tesla was on a run like it is now and shorts were salivating. When Tesla didn’t go up really big after earnings (but it did go up) Shorts piled on top of shorts hoping for a big fall. A few trading days after earnings – from Monday, Feb 24 open to one and half hours after the open on Tuesday, Feb. 25 – in 1 1/2 days of trading – TSLA went up around 25 percent from 208 to 259.
I’m not feeling tech yet. But as an entity, Twitter is bound to catch buyout interest at some point.
why not 2 more shares?
Now we really get to see how well 1220 gets defended in gold. Looks like a pretty good defense so far
still holding my ngd, dgc and xgd calls from 2 weeks to 2 months while trying not to puke
What are those tickers?
canadian stocks, 2 gold miners and a gold etf.
I got puts on canadian financials at the same time, since I think the higher interest rate in US would negatively affect them and the current euphory is not justified in them.
Why are you passing over a meltup in stocks? Blows my mind.
Too much zerohedge in how I talk I think, I’m not a native english speaker. I’m still bullish for the next two years, but I think VIX might explode a bit this week ? Is making money that easy in a bull market ?
One guy I know is making tens of thousands trading penny stocks at the moment, I’m just wondering how long can it last at the same time… Would he get punished by the market now ? Or in 2 years ?
Anyone see Ron Baron on CNBC this morning? I usually find hedge fund guys insufferable but his thought process was interesting, though not necessarily applicable to the average investor. He said just 12 or so stocks accounted for the 20 billion in profits his company has earned. He lets his winners run for decades.
Lindzon posted a good one on this last week. Something like 8 stocks have accounted for 20 percent of all stock market gains. Check out flys blog roll
I made tons of moves today. I’ve got cash for the first time this year, lol. Bought a little bit of volatility.