Posted by racerick on 30th of Apr 2014 at 06:14 am
TWTR making new early morning lows - stock now at all time new
low - down 50% from it's high in December at a time when the market
near it's all time high. Company still doesn't have an effective
plan for monetizing it's platform and why anyone would buy the
stock here have no idea. Typically broken stocks like this usually
have to form a base for awhile before any meaningful recovery, if
ever. Sure there is a bounce to be had somewhere but I personally
try to shy away from the falling knife strategy.
TWTR 15min - http://screencast.com/t/sqck4yTc1cy9
TWTR Daily - http://screencast.com/t/81VVafNs4
YELP - reports today - has been stronger past day and 1/2 and
looks like it could bounce, but insiders have been pretty heavy
sellers past few weeks and read a report yesterday that insiders
have sold 116 million shares versus 0 buys in past 15 months. Stock
is down 50% from it's high just 6 weeks ago on 3/5/14 but still
double what it was 1 year ago when it broke out from it's base at
24ish on the way to $101 and another company that's yet to figure
out how to make money.
YELP weekly - http://screencast.com/t/syqlahe1
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
TWTR and YELP
Posted by racerick on 30th of Apr 2014 at 06:14 am
TWTR making new early morning lows - stock now at all time new low - down 50% from it's high in December at a time when the market near it's all time high. Company still doesn't have an effective plan for monetizing it's platform and why anyone would buy the stock here have no idea. Typically broken stocks like this usually have to form a base for awhile before any meaningful recovery, if ever. Sure there is a bounce to be had somewhere but I personally try to shy away from the falling knife strategy.
TWTR 15min - http://screencast.com/t/sqck4yTc1cy9
TWTR Daily - http://screencast.com/t/81VVafNs4
YELP - reports today - has been stronger past day and 1/2 and looks like it could bounce, but insiders have been pretty heavy sellers past few weeks and read a report yesterday that insiders have sold 116 million shares versus 0 buys in past 15 months. Stock is down 50% from it's high just 6 weeks ago on 3/5/14 but still double what it was 1 year ago when it broke out from it's base at 24ish on the way to $101 and another company that's yet to figure out how to make money.
YELP weekly - http://screencast.com/t/syqlahe1