I swear this stock will never go up again. What a constant comedy, this company is, now again in the hot seat after analyst Ken Sena threw shade on the bird.
Citing comScore and a few ISIs surveys, Sena thinks the prevailing 325 million MAU estimate is not likely.
He also expects their US advertising revenues–promoting your tweet to the cavemen of Turkey–to grow below the royal 20% making their growth story kind of bleak.
Nothing like the success of Instagram and Snapchat, Sena adds.
While at it, he dropped at $22 profit target on Twitter shares.
All this analyst dogging has the shares down about 4% heading into the close, on a day when the broad market is lethargically ripping.
If there is a silver lining in the Twitter story it is my niece, who is leagues cooler than me or you, who says Twitter is the best behind only Snapchat. We have hope. Nevertheless, this stock continues to be the worst one on the planet–and my largest position.
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Less and less speculators, no dividend to attract old money, no signs of actually monetizing this properly, fake accounts, and kids who are loyal to cool but vote elsewhere with their wallets (or parents wallets). Only hope really is they get bought (unlikely) or they magically make this operation run smooth and start making a good profit.
The thing that scares me the most and why I don’t own twitter is the value of the yahoo! core business. All of that traffic and might be worth $4 billion. Twitter could easily go to $12.
I see no reason why twitter won’t continue to get pulverized. Good probability that a bear market is underway. Best to forget “investments” and stick to trading NQ futures.
Looking at the TWTR chart, there are some upside daily gaps. However, looks like this thing has been on a downhill slide for quite a while. Maybe it is at or near a bottom? Don’t know, but that’s not a bet I’d want to take. Back to futures trading.
I think $GPRO even out-worses the bird, but maybe I’m splittin’ hairs
No, you are correct on the GPRO
What a great time to have both
I’m sorry you are jammed in this position. Wait for a rally, sell, and never look back.