Related info:
– Twitter Opens At $45.10 (+73%); Trades Up To $48 (+84%) (ZeroHedge, Nov 7, 2013)
– Twitter Tags $50 Then Dumps Back Below Open Price (ZeroHedge, Nov 7, 2013):
Nope, no bubble here… Having traded up to $50 (over 33x Price-to-Sales), it seems hitting every analyst profit target (aside from Topeka’s Anthony) within one hour of its release was enough for most… The ‘profit-taking” has started and now TWTR is trading back below its break price… But do not worry – everyone can rest assured as Cramer just said “we’re out of the woods here.” Of course, as everyone knows, it’s not where you start, it’s where you finish that counts…
