Sunday, November 10, 2013

TWITTER'S VALUATION TOO MUCH STRESSED - SELL

Twitter Inc which made dream debut on Thursday, lost seven percent on Friday to close at $41.65. 
 
Twitter raised $2.09 billion in its initial public offerings@ $ 26 a share last week. Twitter's current valuation is driven more on sentiments and initial euphoria than under lying fundamentals. The stock will settle around $ 30 in the near term. Initial allottees can off load the holdings at current price and re enter later at sub $ 30 level.
 

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