$TWLO - out of favor in a "risk off" market
High-beta momentum type stock
Lack of daily volume reflects:
• weak market
• uncertainty re rates and war
• traders consolidating high-risk names
Appears to be a good size increase in short interest 5.67M shares as of 2/15/2022, almost 2 days worth of average trading volume
Market disrespected recent earnings release. Sold-off on strong numbers.
Anticipate:
• continued weakness and drift downward
• sooner or later may see a quick violent upturn in share price
Note:
• Cash represents 19% or market capitalization (end of 2021) $5.36 Billion
Downside risk could be as low as $115 to $125. Unknowable if it will hit that level, but I would consider that a compelling buy area.
Currently considering selling a Chinese EV company I'm tired of following and adding those funds to my small position in
TWLO
Lack of daily volume reflects:
• weak market
• uncertainty re rates and war
• traders consolidating high-risk names
Appears to be a good size increase in short interest 5.67M shares as of 2/15/2022, almost 2 days worth of average trading volume
Market disrespected recent earnings release. Sold-off on strong numbers.
Anticipate:
• continued weakness and drift downward
• sooner or later may see a quick violent upturn in share price
Note:
• Cash represents 19% or market capitalization (end of 2021) $5.36 Billion
Downside risk could be as low as $115 to $125. Unknowable if it will hit that level, but I would consider that a compelling buy area.
Currently considering selling a Chinese EV company I'm tired of following and adding those funds to my small position in
TWLO
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