Hello everyone. It is now time to readdress Twitter (TWTR). Guess it is now time to say, "I Told You SO".
I warned all my readers in a couple of my old blog entries to steer clear of Twitter and not to buy. That it was extremely over valued when it came on the market on it's very first day of trading.
Why did I give this advise in previous blogs entries? Because of what you are starting to see now begin to take form just as I said it would.
1. Extremely over valued stock.
2. Disorganized management and mismanaged company.
3. Lack of innovation by it's management and leadership.
4. Because it continues to operate in the red and the company makes no profits.
I have been reading several articles prior to writing my blog entry today. Some experts are finally starting to agree with me in what I shared with you a long time ago. And NOT to consider buying Twitter until it hits around the $15.00 per share mark as I also advised you. Twitter is up a little in the market today at $39.35 per share. A big drop from it's 52 week high of $74.73. Well if you bought into Twitter and you sold it at or around it's 52 week high I guess you are a lucky hero, if not you are losing your shit like so many others...that would not include me as I saw all the warning signs and passed on buying this stock.
Although Goldman Sachs still recommend it Twitter as a BUY, I think there view is overly optimistic at this point until Twitter drops to the $15.00 range.
http://news.yahoo.com/twitter-stock-slumps-50-percent-goldman-deutsche-bank-050209455--sector.html
Others experts take a much less optimistic view of things like myself and are finally says what I said from the beginning.
http://blogs.marketwatch.com/cody/2014/05/01/twitter-is-all-but-doomed/
Hope you find this update about Twitter interesting and possibly helpful.
Gus S.
Disclaimer:
Make sure to review any information found on this blog site with your personal financial advisor before making any decisions. I am providing general information and not financial advise. I am not a licensed stockbroker or financial advisor.
