NYSE:TWTR TWITTER INC
I have been (along with everyone else) for much of the last year. The reports show the number of users remain stagnate and there are concerns about being able to monetize TWTR has lead to the huge move. If you listen to CNBC and all the media they tell many reasons to remain . However when public sediment has been "Everybody Is " is when those "in the know" often begin accumulating. Recently a large number of hedge funds have added TWTR to portfolio> Possible Buyout Speculation? TWTR has changed the number of letter and pictures that can be sent on each tweet, causing speculation something could be in the works, maybe they figured out how to make money?Technically Speaking is has traded to these levels causing a nice support. I like when a bounces off support a few times.There was a strong candle with on Friday. TWTR still has the 50 and gap to contend with. But the risk reward may be worth a 1/4 or 1/2 speculation position to the side, if TWTR can fill the gap it's 1 to 1. It could conceivably up to the 100SMA . A Breakthrough of that up to the 3/3/16 and the 200 would be a nice gain! A buyout by a couple of the big boys is rumored! I wouldn't bet the house buy not a bad risk here!. Anything below 13.80 its going down...
Comment: Well it looks like we are still in the trade ...I would look to sell some covered calls @18.00 or 18.50 and or take some profit at Target 1. I think this has some legs ...rumor of buyout !!!
Comment: 8/18 Still in trade looking strong minor hiccup the last few days