KrunchieKilleen
Short

Social Media to lead market downturn?

NYSE:TWTR   TWITTER INC
50 0 1
"The trend will continue!" Every trend will come to an end, but, in the meantime, it is a safer to bet on the trend continuing, as I have found in my Shares Punt blog. I reckon that the market is overheated, so took a punt, in June, on the S&P             going down. I would have been better advised betting on the Index continuing to rise, as they say, "until the end." So, still believing in a downturn, where do I turn next? The social media, said Yellen, are overheated. Perhaps one of these will lead the downturn? The chart compares the performance of Twitter, Facebook             and LinkedIn             over the last year. Twitter is already trending downwards. Here, I can possibly bet on the downturn, while,at the same time, betting that the trend will continue! Friday saw twitter's price jumping,apparently contradicting Yellen. The jump resulted from reports that Twitter has developed new metrics that show it's users are a lot more numerous than previously believed. Twitter is to give its quarterly report on 29 July. I reckon the present jump is a spike. I think it will be difficult for the management to prove that profits are imminent and that the downtrend will continue. The main question for a punter is: "how high wii the present spike go?"
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