Disney Passes On Twitter; Traders Don’t

There was a story over the weekend on why Disney’s CEO, Bob Iger, passed on the idea of buying $TWTR. In short, he basically said Twitter is a very nasty place, you can read the story HERE.

$TWTR opened up basically flat after the story, but has since made a turn higher, breaking through Friday’s high, $43.84 as I type. Let’s see if the stock can grow legs here, the technicals are in favor of a move higher.

Disclaimer: I am long $TWTR, and it continues to be one of my favorite ideas here.