October 19, 2015

Twitter still on Best Ideas list

I'm taking off some of my Twitter long position now at $30.90 in light of the alleged Steve Ballmer/TWTR " news."

It seems reasonable to be conservative and to take some money off of the table given the way that news of the former Microsoft chief's allegedly substantial investment in TWTR reached the market (a supposed tweet from Ballmer himself).

Twitter was my "Long Trade of the Week" on Monday at $29 a share, so that turned out to be a good trade.

And I'm still maintaining the stock on my Best Ideas list.

Position: Long TWTR

via thestreet