Three big names are being crushed today coming off terrible earnings reports: $AAPL $TWTR and $CMG. I’ve decided to make Crying Jordan memes for any stock that misses in the future. Here are a few examples of my handy work.
I’ve been long all of these names at one point recently. A couple months ago I dipped in Chipotle around $400 and flipped it for $50 in less than a week. Haven’t looked at it since. I sold all of my $AAPL over 18 months ago at $118. Haven’t looked at it since. For some insane reason I continue to hold $TWTR. I may need to go to the doctor to check for brain tumors.
I think the reason that everyone on Finance Twitter hates Twitter stock is because they all own it but won’t admit it; and because it is the biggest piece of shit in the market right now. It’s down nearly 40% YTD and over $50 from its all time bubble high. I could have sold it multiple times for decent profits but held instead for paper losses. I don’t mind owning it until it goes to zero. It has really just become comical at this point. Luckily, I only have enough skin in the game equivalent to a fill-up of the gas tank on the yacht. Wait, why am I even telling you this? I don’t lose.
Everyone on Finance Twitter owns shares of $TWTR. The first step is admitting it.
— Ramp Capital™♿️ (@RampCapitalLLC) April 26, 2016
As much as I hate to say it, Twitter will never be as good of a stock as Facebook. It’s a shame because I despise using Facebook now but have grown to love Twitter more and more each day. Even Snapchat is better than Facebook, yet Facebook actually knows how to monetize their platform and isn’t run by a bunch of overpaid hipsters. The time to sell Twitter stock is when you hate using it. By that time, Twitter management will have ruined their core platform and alienated their user base in the sake of profits and appeasing shareholders. That’s pretty much what has already happened to Facebook as the younger generations flock to other social media sites that don’t include people bitching about their lives and posting baby pictures.
I will continue to hold Twitter stock as long as I continue to use the product.
Currently Twitter is down 15%, Apple down 8%, and Chipotle down 5%.
But enough talk about shitty earnings. Focus on today’s FOMC minutes. It’s the only thing that really matters.
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Crying Jordan is automatically funny to me. Love it.