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Many were surprised on Friday when this stock put up nearly 15%. Surprised because many thought the company would be left for dead. Don’t be fooled by Wallstreet’s tricks. This stock will present a great short opportunity. And I am patiently waiting for those levels.
The rumor mill continues to churn on this stock and I believe it’s why the stock remains held up. Friday after market close; Bloomberg released an article indicating Alphabet’s Google (GOOG; GOOGL) is getting closer to placing a bid for Twitter. If you haven’t followed other potential suitors, allegedly, are Disney (DIS) and Salesforce (CRM). Stock may appreciate on Monday because of this news but I think we remain near Twitter’s epic fall when we realize there’s really no suitor.
Stock continues to trend up. Currently bullish; I do believe we can possibly see an extra 2 points from these current price levels. Check out my video analysis here.
This free trade idea watchlist is for information and illustrative purposes only. It is not, and should not be regarded as investment advice or as a recommendation to buy, sell and/or hold any securities mentioned above. All investments carry risk, there are no guarantees. Investors should consult with their advisers with respect to their investments.