partyjumpman
Long

TWTR- Hedge Funds Accumulating, Rumors, Speculation Good R:R

NYSE:TWTR   TWITTER INC
I have been bearish (along with everyone else) for much of the last year. The earnings reports show the number of users remain stagnate and there are concerns about being able to monetize TWTR             has lead to the huge bearish move. If you listen to CNBC and all the media they tell many reasons to remain bearish . However when public sediment has been "Everybody Is Bearish " 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 stock bounces off support a few times.There was a strong Bullish candle with volume on Friday. TWTR             still has the 50 EMA and bearish gap to contend with. But the risk reward may be worth a 1/4 or 1/2 speculation position to the bullish 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 pivot 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
I Missed this beautiful entry a few days back.

snapshot


Looking to get long at the next best price availble and hold for a good while. Any thoughts or recommendations on next good entry price? Thanks.
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