TWTR has beaten earnings expectation on the bottom line and met the expectations on the top line, but is coming into market open down 8+%. I would say this is surprising given the price action, but I am not surprised at all. TWTR has a tendency to run up prior to earnings…and shit the bed no matter if the earnings are good or not.
I have been a longterm supporter of TWTR, and in fact have been o nthe platform for multiple years. I think it will continue to grow and has finally righted the ship after “being drunk” for multiple years.
Looking at the chart you can see the level I am looking at to hold is 31.40ish. Currently it is sitting right at that level and I will be watching this on the open. I beleive you can be long TWTR above 31 and be out below.
Let’s not make it anymore complicated than that, with earnings out of the way now, I believe we can measure price now from a quantitative perspective and get in at a good level if price gives us the opportunity.