Twitter IPO’d about a month ago. Right from the get-go, the stock was beaten down, on concerns that valuation is too rich. Which it is. The Options for Twitter opened up a few weeks ago, and while most stocks take a few months to become active in the Options markets, TWTR has gotten off to a rocking start.
In this video, I’ve analyzed the Twitter chart as well as the Options activity on Twitter. This stock is going to be very exciting to trade as more interest comes in.
Twitter also unveiled a proprietary “advertising technology” to show offers based upon the kinds of websites that the user has visited. Very cool…The stock was up 4% on Thursday based on this news.