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Twitter Tags $50 Then Dumps Back Below Open Price

Tyler Durden's picture




 

Nope, no bubble here... Having traded up to $50 (over 33x Price-to-Sales), it seems hitting every analyst profit target (aside from Topeka's Anthony) within one hour of its release was enough for most... The 'profit-taking" has started and now TWTR is trading back below its break price... But do not worry - everyone can rest assured as Cramer just said "we're out of the woods here." Of course, as everyone knows, it's not where you start, it's where you finish that counts...

 

 

 

Only Topeka sees more...

 

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Thu, 11/07/2013 - 12:16 | 4131162 EscapeKey
EscapeKey's picture

Twitter to hit $80/share on the news they plan to open an office on the North Pole.

Thu, 11/07/2013 - 12:23 | 4131191 TruthInSunshine
TruthInSunshine's picture

My scientific calculator asked me "cerealously?" & then turned off in a huff when I tried to figure out twatter's P/E, but on revenue of 318 million and losses of at least that, I'll SWAG that it's around 1800:1 backing out the losses.

Bernanke got to work, and Mrs. Debtfire's on deck.

No pressure to GoGo the MoMo or anything...and plenty of rocket fuel left in the printer.

Thu, 11/07/2013 - 12:25 | 4131209 Fredo Corleone
Fredo Corleone's picture

50.09...

>33 P/S...P/E: [ Not Meaningful ]...

#WinnersOfTheNewWorldRedux

Thu, 11/07/2013 - 12:28 | 4131224 fonzannoon
fonzannoon's picture

It's 11:30. Traders have to go have a 3hr cocaine and champagne lunch served by naked hookers before they come back at 3pm and blow it out to close at $55-$60

Thu, 11/07/2013 - 12:36 | 4131271 TruthInSunshine
TruthInSunshine's picture

Cannonball!

Thu, 11/07/2013 - 12:44 | 4131284 hedgeless_horseman
hedgeless_horseman's picture

 

 

Twitter, Inc. (Twitter) is a global platform for public self-expression and conversation in real time. Twitter is a real-time platform, where any user can create a Tweet and any user can follow other users. Each Tweet is limited to 140 characters of text, but can also contain rich media, including photos, videos and applications. The Company offers Twitter apps for phones, tablets and computers. The Company generates its advertising revenue primarily from the sale of its three Promoted Products: Promoted Tweets, Promoted Accounts and Promoted Trends.

Funny.  My kids haven't pestered me for any Promoted Tweets, Promoted Accounts and Promoted Trends.

Thu, 11/07/2013 - 12:44 | 4131297 camaro68ss
camaro68ss's picture

What a Glorious Muppet slaughter

Thu, 11/07/2013 - 14:11 | 4131731 A Nanny Moose
A Nanny Moose's picture

Aaaaaand...it's gone!

Thu, 11/07/2013 - 14:17 | 4131753 negative rates
negative rates's picture

Yea, we can read this like an open book.

Thu, 11/07/2013 - 12:50 | 4131336 Sofa King Confused
Sofa King Confused's picture

Can't wait for the ZH article titled "Twitter in the Shitter"

Thu, 11/07/2013 - 13:15 | 4131484 prains
prains's picture

What's the proper pronunciation of a Twit in past tense?

Thu, 11/07/2013 - 15:12 | 4132009 TruthInSunshine
TruthInSunshine's picture

twarted

Thu, 11/07/2013 - 16:55 | 4132375 Zero Point
Zero Point's picture

Twat

Thu, 11/07/2013 - 12:24 | 4131206 Unprepared
Unprepared's picture

I feel bad for Myspace. They died between to dot.com bubbles

Thu, 11/07/2013 - 12:17 | 4131165 TeamDepends
TeamDepends's picture

And it's gone...

Thu, 11/07/2013 - 12:24 | 4131200 Stoploss
Stoploss's picture

SELL!!!! SELL!!!! SELL!!!!

Thu, 11/07/2013 - 12:27 | 4131218 Silver Bully
Silver Bully's picture

Turn your machines back on!

*TURN YOUR MACHINES BACK ON!*

Thu, 11/07/2013 - 12:30 | 4131236 TeamDepends
TeamDepends's picture

That's your job, Stoploss!  We're ruined!

Thu, 11/07/2013 - 12:31 | 4131244 icanhasbailout
icanhasbailout's picture

hoocoodanode?

Thu, 11/07/2013 - 16:29 | 4132282 Jumbotron
Jumbotron's picture

Current Pets.com stock price at #TwitterIPO

 

Thu, 11/07/2013 - 12:17 | 4131167 philosophers bone
philosophers bone's picture

How's Tweeter Home Entertainment doing?

Thu, 11/07/2013 - 15:00 | 4131938 Tippoo Sultan
Tippoo Sultan's picture

They were liquidated in 2010. Dead as a doornail, or similar piece of inanimate ironmongery.

The ticker is but a ghost.

Thu, 11/07/2013 - 12:27 | 4131168 SheepDog-One
SheepDog-One's picture

MERRY CHRISTMAS WALL ST!

O HI Randy and Mortimer! Hey how'd you fellows do today? We just bet $1 that we could get rich while putting you in the poor house!

Thu, 11/07/2013 - 13:04 | 4131426 Carl Popper
Carl Popper's picture

Let this be a lesson to those fools who had to buy twitter at the open.

There is a big club out there that makes money off twitter, and you ain't in it.

Thu, 11/07/2013 - 12:18 | 4131172 pods
pods's picture

Looks like twitter just had an #ORGASM.

pods

Thu, 11/07/2013 - 12:20 | 4131180 LetThemEatRand
LetThemEatRand's picture

Now is the part where Twitter realizes that it is in Thailand, and the young lady it brought home is peeing standing up, and it looks like there's some kind of discharge....

Thu, 11/07/2013 - 12:28 | 4131223 TeamDepends
TeamDepends's picture

Which is similar to the part when you realize, after going all in on his advice, that when Cramer says "we are out of the woods here" you should sprint into the forrest without regard to life and limb, driving over people if necessary.

Thu, 11/07/2013 - 12:29 | 4131228 TruthInSunshine
TruthInSunshine's picture

One night in Bangkok and the world's your oyster
The bars are temples but the pearls ain't free
You'll find a god in every golden cloister
And if you're lucky then the god's a she
I can feel an angel sliding up to me

Thu, 11/07/2013 - 12:33 | 4131253 quasimodo
quasimodo's picture

Man, I was WAY off on those lyrics, never had a clue what they actually were.

Thu, 11/07/2013 - 12:51 | 4131346 Billy Sol Estes
Billy Sol Estes's picture

I never realized it was about chess

Thu, 11/07/2013 - 12:23 | 4131194 Agent P
Agent P's picture

Woman: #timetocuddle

Married Man: #timetosleep

Single Man: #timetoleave

Thu, 11/07/2013 - 12:26 | 4131214 NIHILIST CIPHER
NIHILIST CIPHER's picture

@PODS                     It's a natural zesty enterprise. But when the orgy is over she was just another wallstreet ho.

                                                    

Thu, 11/07/2013 - 12:19 | 4131175 Racer
Racer's picture

Analcysts are lemmings

Thu, 11/07/2013 - 12:19 | 4131177 replaceme
replaceme's picture

It's just like when Alderon blew up!!

Thu, 11/07/2013 - 12:20 | 4131181 Agent P
Agent P's picture

Word just got out that teens are using it less now than they were a year ago.  I guess that's what you get for having a business model based on Justin Bieber. 

Thu, 11/07/2013 - 12:23 | 4131195 Oldballplayer
Oldballplayer's picture

My kids are not teenagers anymore.  I dont know what social media thing to us anymore.

Thu, 11/07/2013 - 12:34 | 4131260 quasimodo
quasimodo's picture

yes, Justin, the same spoiled punk ass brat who was seen leaving a brothel in Brazil. I hope he gets the clap or something worse and his little dick falls off.

Thu, 11/07/2013 - 12:22 | 4131182 yogibear
yogibear's picture

Infinite Fed money to juice this market. IPO mania continues.

Hurry Siverlake (Goldman Sachs partner) and other private equity groups and offer your companies as IPOs while it's hot!

It's 1999 only for a short time. Fund mangers are full of cash and ready to buy billions in IPOs.

Time to unload your private offerings to buyers!!!! Sell them while it's IPO mania!

Thu, 11/07/2013 - 12:20 | 4131183 ebworthen
ebworthen's picture

Piranha feeding frenzy when the bird fell in the water.

Thu, 11/07/2013 - 12:21 | 4131186 thismarketisrigged
thismarketisrigged's picture

maybe ill buy some when it hits a dollar, like fuckbook.

 

it would still be overvalued there

Thu, 11/07/2013 - 12:22 | 4131192 Bay of Pigs
Bay of Pigs's picture

What a sad spectacle this is. 

Thu, 11/07/2013 - 12:23 | 4131193 fonzannoon
fonzannoon's picture

85 bil a month 4eva

Thu, 11/07/2013 - 12:27 | 4131216 yogibear
yogibear's picture

With Yellen it could be $1 trillion/month.

Oh my the frenzy and the drop after the high.

DOW 36,000 and above. Zimbabwe levels.

Fed want's to surpass the DOT COM bubble.

Euphoric!

Thu, 11/07/2013 - 12:23 | 4131196 hugovanderbubble
hugovanderbubble's picture

TOPEKA is short

Thu, 11/07/2013 - 12:23 | 4131198 youngman
youngman's picture

Looks like all the people that bought yesterday..are selling today....go figure..it was all the fundimentals..yeah right...its the clan and their computers..and of couse the % they make on this deal

Thu, 11/07/2013 - 12:25 | 4131205 Kirk2NCC1701
Kirk2NCC1701's picture

"Pump & Dump Event." @  Thu, 11/07/2013 - 11:13 | 4131142

This ZH article posted 2 minutes later at 11:15.  [takes a bow]  
Thu, 11/07/2013 - 12:25 | 4131208 Running On Bing...
Running On Bingo Fuel's picture

Buy it, hold it and don't worry. God will take care of your stock.

Over.

Thu, 11/07/2013 - 12:26 | 4131215 alien-IQ
alien-IQ's picture

Muppet Rape.

Thu, 11/07/2013 - 12:30 | 4131240 jrpuffnstuff
jrpuffnstuff's picture

You just made me giggle.  Kermit grabbing his legs, sobbing and screaming, while a suited banker gives it to him dry.  Of course Ms. Piggy is there taking photos to post on the internet while Animal jacks off. 

Thu, 11/07/2013 - 12:47 | 4131315 pods
pods's picture

We need the Kermit BOHICA photo.

pods

Thu, 11/07/2013 - 12:35 | 4131261 W74
W74's picture

Yep yep yep.  I overheard this bullcrap being talked about at a Panera (grosely overpriced, somewhat bland lunch) and just cuckled my ass off (mostly on the inside though some could not be contained).

ALL IN Bitches!!!  Hope you don't have a 401k little Panera muppets.

Thu, 11/07/2013 - 12:27 | 4131217 BrigstockBoy
BrigstockBoy's picture

Penny for your thoughts...

Thu, 11/07/2013 - 12:35 | 4131268 alien-IQ
alien-IQ's picture

Great. A penny for your thoughts, but you have to put in your two cents worth. Another rigged market:-(

Thu, 11/07/2013 - 12:29 | 4131225 Trimmed Hedge
Trimmed Hedge's picture

So how is it a "buy" if it's trading at $45, yet only 2 analysts have a price target above that?

Thu, 11/07/2013 - 12:47 | 4131313 TruthInSunshine
TruthInSunshine's picture

It's not just about killin' it on a rigged market.

At least 1/2 the fun for Wall Street is seeing that 90% of retail got relentlessly slaughtered intraday, whether buy @ 50 and close @ 32, or buy @ 32 and close at 22.

The span of retail's pain is watched closely by the Druish Danes.

Thu, 11/07/2013 - 12:30 | 4131233 999.9
999.9's picture

Anyone wants to buy my company for P/S 33?
...and for P/S 3?

Thu, 11/07/2013 - 12:30 | 4131238 Dadburnitpa
Dadburnitpa's picture

Cramer just said "we're out of the woods here."

I quit watching CNBC a couple of years ago.   What does "we're out of the woods here" even mean?  Seriously.  Does that statement have any logical point? Is that just more random spew from the carnival barker?  More insane ravings from a sociopathic clown?  What? What does that mean?

Thu, 11/07/2013 - 12:35 | 4131265 ultraticum
ultraticum's picture

+1 to the pic and the handle.  Reminds me of Sunday evenings as a kid. Thanks.

Thu, 11/07/2013 - 13:19 | 4131508 edifice
edifice's picture

Well, Hoss, ike all of Corporate America's vague buzz-words, it means nothing.  It only fulfills the purpose of keeping people calm, heads down.

Thu, 11/07/2013 - 12:32 | 4131247 asscannon101
asscannon101's picture

I'm gonna' launch my own social-media juggernaut  and I'm gonna' call it "Wanker". And soon everybody will be saying, 'Check out my Wanker' and 'Wank me when you get a minute'. Who wants in?!?

Thu, 11/07/2013 - 14:54 | 4131928 edifice
edifice's picture

I'm in... Put me down for 10,000,000 @ $0.001

Thu, 11/07/2013 - 20:07 | 4133106 asscannon101
asscannon101's picture

And you will be FIAT RICH beyond your wildest dreams, my wise, first-investor! You will come to be known as the "Warren Buffet of Wanker", or simply 'Wanker Buffet' in the coming years. You will host an annual meeting of gibbering-idiot shareholders which will be be euphemistically referred to as, 'Wankstock for Capitalists'. Together we will become smug, greasy, condescending and omnipresent. We will dine elegantly with kings and heads of state, feasting sumptuously upon hookers, blow and the hopes and dreams of the lumpenproletariat. Wank me later and we can discuss it further. I'll wank you from my wankphone when I get off the plane. Oh, and keep saying "wank" a lot. If enough high-profile dipshits do it, then all the idiotic sheep will follow- just look at face tattoos!

Thu, 11/07/2013 - 12:33 | 4131249 alien-IQ
alien-IQ's picture

It's 11:30. Those pesky Europeans are closing up shop and it's time for the market to reach glorious new stratospheric highs. Remain Calm...All is well...

Thu, 11/07/2013 - 12:36 | 4131273 bagehot99
bagehot99's picture

This is it. This is the IPO we've all been waiting for.

Proof that NOBODY learned a THING from the dot com collapse.

Thu, 11/07/2013 - 12:38 | 4131280 NuYawkFrankie
NuYawkFrankie's picture

Yes - The Tweeting Is On The Wall

Thu, 11/07/2013 - 13:05 | 4131429 SheepDog-One
SheepDog-One's picture

Or from the housing buble mania and collapse....people are basically dumb animals ready to pile onto the next mass mania. 

No wonder the 'elite' think nothing of fucking over the peasants, I can see their point.

Thu, 11/07/2013 - 12:37 | 4131278 RiverDrifter
RiverDrifter's picture

I think this slide may be my fault....I deleted my twitter account about an hour or two ago.  

 

My 11 total tweets (that I don't remember 'tweeting') and 140 followers (I have no clue who they are) being gone (well, in 30 days they will be) must have broke something. 

 

Sorry y'all.

Thu, 11/07/2013 - 12:38 | 4131279 WTFUD
WTFUD's picture

If i'd bought a quadtrillion shares of twitter. .
i wouldn't have to work all day. . .

it's a tweetster's world. .

aah, all the things i coulda done. . .

Thu, 11/07/2013 - 12:38 | 4131282 aerojet
aerojet's picture

Seriously, if you are not running a high frequency algo, there isn't any reason to pay any attention to the markets at all.  It's just so stupid.

Thu, 11/07/2013 - 12:46 | 4131307 wagthetails
wagthetails's picture

we've had many "this is it" events (referring to the peak) over the past couple years.  but if twit closes closes above $50, this might be the final rediculous event of this market. 

Thu, 11/07/2013 - 12:49 | 4131332 NuYawkFrankie
NuYawkFrankie's picture

Muppet: SELL!!!

Wall St: To Whom?

Thu, 11/07/2013 - 12:56 | 4131384 ThisIsBob
ThisIsBob's picture

Its lunch time and the excitement is over.  Nothing to see here folks.  Its just another trade.  Tick chart giving a "sell."

Thu, 11/07/2013 - 13:06 | 4131401 PowerPlayer
PowerPlayer's picture

Twits love Twitter.  

Thu, 11/07/2013 - 13:07 | 4131438 SheepDog-One
SheepDog-One's picture

Yea it's far more ridiculous today than the dot.com bubble. In fact, I'd say by comparison the dot.com bubble was far more legit than anything we're seeing today.

Thu, 11/07/2013 - 13:07 | 4131444 SheepDog-One
SheepDog-One's picture

AH....changed your comment before I could post my reply. 

Thu, 11/07/2013 - 13:08 | 4131447 edifice
edifice's picture

Like I said yesterday:  They put it on NYSE, for the insider bump.  They've just sold, is all.  Muppets are, again, bagholders.

Thu, 11/07/2013 - 14:13 | 4131671 slackrabbit
slackrabbit's picture

Pets.com

Facebook

Twit....err..

What's next?

Another.Suck.err.net

Thu, 11/07/2013 - 15:55 | 4132177 Godisanhftbot
Godisanhftbot's picture

 I wasnt going to take my full 10,000 share allocation, but reading ZH convinced me. Thanks again.

Thu, 11/07/2013 - 15:55 | 4132178 Godisanhftbot
Godisanhftbot's picture

 I wasnt going to take my full 10,000 share allocation, but reading ZH convinced me. Thanks again.

Thu, 11/07/2013 - 16:34 | 4132304 Fix It Again Timmy
Fix It Again Timmy's picture

Where can I buy some Webvan?....

Fri, 11/08/2013 - 02:21 | 4134219 knowshitsurelock
knowshitsurelock's picture

Well, TWTR closed at over 44 bucks a share, a gain of over 72% above its opening price, which makes Twitters market cap somewhere in the neighborhood of 31 BILLION in value.

Did I just say value?  Oh sorry ZH'ers.  Of course Twitter is worth 31 BILLION dollars, right?

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