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Why has twitter stock basically doubled in a short time?
03-03-2014, 10:00 PM
Post: #1
MrBojangles Offline
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Why has twitter stock basically doubled in a short time?
Everybody said this was bad stock 1 month ago. The people who said it was bad knew little since a lot of people doubled their money. Now they call it a cult stock.

If a stock doubles your money who cares if it is bad stock? What difference does that make? It's irrelevant is it not?
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03-03-2014, 10:10 PM
Post: #2
Silly Goose Offline
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The folks running the company were selling off their own shares at $26 a pop as recently as a month ago...so that SHOULD inform you that the price is not being driven up by "rational investors" but rather by speculation...

http://finance.yahoo.com/q/it?s=TWTR+Ins...ansactions

Does it "matter" if the underlying stock is not worth the price? Only if you are holding a large number of tulip bulbs the day the world "comes to its senses" and you run out of suckers willing to pay over a year's salary for a tulip bulb!

http://en.wikipedia.org/wiki/Tulip_mania
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