Twitter is down -27% year-to-date as it continues it downward spiral of mediocrity.
We’ve all come to accept that Twitter is most valuable when something horrible is happening in the world, like a GOP debate or dress color argument. I am sitting, bagholding, wondering if the terrorist attack in Brussels will put a bid in Twitter. Appropriate, wouldn’t it be? Just as the rally reaches maturity, for the bird to attempt flight.
It probably won’t go well. Look at April seasonality for this loser:
But I am hopeful because Twitter was the first place I went this morning to find out what the hell was going on in Brussels. I wanted to hear it through the filter of my stream–some of the finest people in the world, as far as I am concerned.
SEE ALSO: TWITTER IS THE WORST STOCK ON THE PLANT
That little chart consolidation it is forming maybe, just perhaps, will break to the upside and stick and provide some tinder for a rally. I’ll keep holding my breath.
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1m and 2m Twitter vol is pretty expensive even out to the $13 strike.
Birds the word son. I went long April calls today.
god dammit.