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Technology Stocks : Twitter
TWTR 53.700.0%Oct 28 4:00 PM EDT
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From: Trader J11/7/2013 11:27:28 AM
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Twading Strategy: It's what I call trading Twitter for now: Here is my strategy for the time being. I was only allocated 100 shares in the IPO and I'll take it. I won't be selling the position and may actually be looking for an average up as the dust settles.

I think there may be opportunity here but there's still the Facebook hangover which is very real and will undoubtedly affect any price increases. I find it interesting that Twitter is actually mirroring Facebook in some regards.

Many, many of the talking heads have been harping on the main street not to buy the IPO. I'll give them the benefit of the doubt that they're doing so in the best interest of main street traders and investors. It does serve everyone's best interest for this issue not to run away and to find a settling price in the $36-$48 range while the business model can rage on for a bit longer. The quicker the issue settles, the quicker we can retain some level of normalcy in the range.

I'm not against adding shares here in the $40s but instead am sitting on my hands to see what plays out over the next couple of days. If it breaks lower, I may seek to add another lot, but it would need to be a significant break. I won't add on a move higher.

For myself, I believe in the Twitter model, if not for what it is now as much as what it can become if they are able to monetize, to any degree, their traffic. That's enough for me to throw some dollars at since I am a business model and execution nut. I fully believe in the traffic being the single hardest variable to get into the equation followed by the monetization of the traffic.

For now ... I'm sitting on my hands.

Good trading all.

TJ
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