Well $twtr as we all know had a massive pop on its IPO and quickly made a move to $75 a share! Unbelievable, but reality has set in. Wait, its not making money, its valuation is sky high, etc etc. So 2014 YTD $twtr is down over 35% sitting at just over $40/share. You could drive yourself up a wall Day trading the stock, but I believe it will be one of those stocks you look at in 3 years and just say, Why didn't I just hold that? ex. $aapl (owned it at 250), $fb (owned it at $25), $sbux (owned it at $14), $dis (owned it at $33), $lgf (owned it at $15). I say this because we all do it. We all pick a stock, get in and sell it for a decent gain or for a quick loss, when really if we stepped back and trusted the company to do what it said it was going to do and just monitor their progress we could all be very rich.
During the meeting on the Wednessday the 12th, They talked about the future a nd outlined plans for a bunch of new features: direct messaging, consumer video, and location-based and personalized tweets. Twitters goal is to grow its core monthly active user base by two times to 550+ million in the intermediate term and three to four times to 1+ billion over the longer term. They also are shooting for $14 billion in yearly revenues in 10 years from now....
Even if they fall short or it takes longer than expected, $40 will seem very very cheap at that point.
Disclosure:
I am long $twtr
Not a reccomendation to buy, just educational.
During the meeting on the Wednessday the 12th, They talked about the future a nd outlined plans for a bunch of new features: direct messaging, consumer video, and location-based and personalized tweets. Twitters goal is to grow its core monthly active user base by two times to 550+ million in the intermediate term and three to four times to 1+ billion over the longer term. They also are shooting for $14 billion in yearly revenues in 10 years from now....
Even if they fall short or it takes longer than expected, $40 will seem very very cheap at that point.
Disclosure:
I am long $twtr
Not a reccomendation to buy, just educational.