Friday, November 8, 2013

Twitter

It seems like traders are so hungry for yields, that they are willing to price twitter at 20x of revenue (note: revenue, not profit). This is a company that has not made any profit! I started shorting quite a lot at $49. Will stay in for a while and see how it goes.

Update 19/11/13: Closed all shorts at $40.

No comments:

Post a Comment

 
Web Statistics