TWTR , a big name in social media. But who wants to buy Twitter and why? Well what ever the reason is I am not buying it as it doesn't make sense to me how a general everyday service product should have such high valuation? I would but TWTR if it's under $10. Actually let me take it back. My valuation is around $1-$3 at best. Because Twitter didn't add value other then just like news media but more like in a personal level. But it didn't change significantly either. Also think it has more opportunities to work in collaboration with GOOGLE GOOG rather just buying out or selling out the whole industry. It can work out in conjunction to Google Hangout out. But better future of TWTR is with FB. It would be a great tool if FaceBook can buy it as FB already has so many user which functions almost like twitter. You should also see CRM SALESFORCE too, as a short candidate. I will publish a chart on Google too soon.
Ok guys, other then random thoughts let you know that when it reaches the upper read resistance line around $30-$28 or below, then it will be a good are to go short again with TWTR
I hope when I am going to twit this post, Twitter is not going to take it off from my post :)
Ok guys, other then random thoughts let you know that when it reaches the upper read resistance line around $30-$28 or below, then it will be a good are to go short again with TWTR
I hope when I am going to twit this post, Twitter is not going to take it off from my post :)
