$TWTR .. if you shorted it at the pattern completing at 50 you would be up 20%

it’s no secret – I don’t know fundamentals.

it’s really really confusing and seems very intellectual.  I do, however, know charts and price/time.

so, if TWTR opened at 45 and peaked at 50 and close today around 40.50 well … isn’t the entire world underwater w/ that amazing investment in a company that has NEVER turned a profit.

things that make you go hmmmm

TWTR end of the 2nd day of trading
TWTR end of the 2nd day of trading

 

 

 

#hype, #bubbles everywhere, #irrational exuberance, #caveat emptor for $TWTR

certainly could be quite the story if Twitter marked the top in the market …

anyway, below is Twitters first day of trading – no patterns or anything like that, yet but I did want to show you a 1 minute chart and how most, if not all, of the swings were being governed by the numbers that we use …no moving averages, bollinger bands, oscillators or anything like that … just key numbers that put probability in your favor and allow you to work and play w/ your edge.

pretty interesting that it basically closed where it opened …and, I find it also interesting that this amazing IPO occurred when it’s index (the NAZZIE) was DOWN roughly 2% and that it basically closed where it opened … things that make you go hmmmmmm

TWTR first day of trading intraday chart
TWTR first day of trading intraday chart

TWTR second day of trading and premarket
TWTR second day of trading and premarket

 

note, a nice little SELL pattern in the pre-market….just saying. upper targets (note w/ blue ellipses) are where the “should I stay or should I go” will come into play …

B

%d bloggers like this: