We will see where it settles in, but I don’t feel the same way about twitter as I did about FB (Still up 67% on FB). I am thinking about going short on TWTR and picking up some cash… Let’s see if there is a good opportunity tomorrow. I’m guessing the market could possibly bounce a little tomorrow after today’s drop.
Well good luck Jason, let us know how it goes.
I wish I knew enough to even comment intelligently. I don’t understand all the stock terms.
Thats all I know.
Selling short is when you borrow someone else’s shares from the broker and sell them at market price. At some point you have to buy those shares back so you can give them back to the broker. If the stock drops lower than what you paid for them, then you buy them back at a cheaper price and you keep the difference… The catch is that if the stock goes up, you lose money, and if a dividend is paid (not in the case of twitter), then you are responsible to pay the dividend to the original shareholder.
clear as mud 
I don’t think you can naked short those shares
but I’m a peon, what do I know.
Yeah, I may wait a little bit. I started to get cold feet this morning… Though, I know the stock is going to tumble…
looks like Twitter, while a great stock, is overvalued right now after yesterday. Think they will drop on back down to the mid $30’s in the next few weeks and plan on waiting until then to buy.
quote:I don't want to buy, I want to profit off of their demise! :smiley:
Originally posted by shevlinlooks like Twitter, while a great stock, is overvalued right now after yesterday. Think they will drop on back down to the mid $30’s in the next few weeks and plan on waiting until then to buy.
quote:I'm still in shock that it even started this high. Isn't this higher than Facebook's?
Originally posted by skinneejYeah, I may wait a little bit. I started to get cold feet this morning… Though, I know the stock is going to tumble…