Like the story of Icarus from Greek mythology, Twitter (NYSE: TWTR)
flew too high and the sun melted its wings. As the post-IPO hype wore
off and analysts could not find a path to profits, the stock plunged
from a high above $74 in December to a low under $30 in May. Yes, 2014
has been a rough year for the social media stock.
On the way down, TWTR temporarily found support at its post-IPO
pullback lows. Surely, that would be the place for everyone who missed
the initial run-up to seize a second chance to get in on what was a
spectacular early rally. But "bottom fishers" got burned as the stock
lost a quarter of its value from there. Eventually, however, stocks do
get cheap enough where there is real value for those who can see it. (more)
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