|From: purugloss (Rep: 0)||Date: 10/12/2016 11:26|
|Forum: Twitter - Msg #2926||Thread #673876175 (Rec: 0) |
|Twitter Stock: Bears Are Still Wrong on Twitter Inc|
In a period of less than a week, Twitter Inc (NYSE:TWTR) has experienced a complete roller coaster ride. Twitter stock hit a year high of $24.87 on October 5, only to drop to $17.56 on October 10.
The problem is that Twitter has entered a puzzling—some might say Catch 22—phase. Twitter stock could simply have become too expensive. Or has it? Indeed, a buyer is still lurking and there’s still reason—not just hope—to be bullish on TWTR stock.
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