Once again - not saying whether or not someone should buy - hold - or sell any particular stock --- just picking on this name as ANOTHER example of the IPO market.
Twitter (TWTR) was another highly anticipated IPO "block buster".... But Year-to-date it's DOWN over 40% from it's high.... It opened at $44 -- ran to $70 with HYPE... and is now $38....
If you LOVE TWTR as a company and think they have a bright future, with the EARNINGS to go with it.... great. My point is -- there was plenty of time to take a step back and see where the shares would go.
Some of these remind me of the late 90's IPO market when the key "metric" used to hype the market was "EYEBALLS" --- everyone was going to make money because they had eyeballs. The problem though was -- you don't pay your bills with eyeballs... you have to monetize the eyeballs with earnings and profits. That's harder to do. There is only so much advertising dollars to go around. MySpace had eyeballs and "users". Do you even remember who they were? LOL
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Brian Hobaugh SCCA National Tour June 2014
First Hemi 'Cuda Convertible Ever Built
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