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.
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Welcome! I started this blog primarily for friends and people around me. This blog is just an avenue for me to put my thoughts in writing, and I make no effort to promote it. My investment approach is based on the understanding of History, Politics & Austrian Economics, and how these areas interact with each other. Disclaimer: I make no guarantees of my predictions. Please do your homework thoroughly before making any investment decision.
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