Wow, they totally lost control of it the last hour. Lot of IPO stock must have been dumped. Can't really blame them, as they were getting prices that were forecast for 18 months out. GS will not be pleased. The good news is it opened and closed a lot higher than people were calling last night or even this morning. The bad news is that it closed weak and didn't hold the open. On balance, I would say it was not a great showing by the NYSE. They opened it too high.
expected the 45 to fail today or tomorrow for sure and it did. all things considered it was a fine and well done manipulation today.
Wonder why someone didn't step up and compete earlier on. Trivial to duplicate or improve upon. I think twitter is stealing all their content and paying users nothing for it.
Twitter is like Apple. They dumbed it down so the sheeple could use it. Then they added users stats like Facebook to make it a popularity contest.
I was watching TWTR but I'm not putting any of my money into it just yet. I think it has the potential to rise quite a bit if the people running Twitter use all of this money they're getting to actually...you know...turn a profit, instead of measuring financial viability in terms of how much money they can avoid losing.
Son if you can draw a straight line gonna play could have should have with twtr today., This wasnt after the fact..I had my finger on the button. This is why you have to trade every set up in your system. If you execute all of your trades, when you have an edge, and manage money correctly, you can make a profit. Ready to enter at 43.28 above the sideways bar after it tried to sell down below 43 twice and my target was 44, with a 20 cent stop . but I chickened out. I had a good morning shorting AVG so I was sort of ready to call it a day.
I was thinking today they will probably run this POS into the new year so they can get the IPO market good and frothy for next year. If TWTR were to fade like FB, things might tighten up alot in IPO land. And you know how Wall St. loves its fees