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Twitter Enters Bear Market

Submitted by Tyler Durden on 02/05/2014 20:42 -0400

To the algo that bought TWTR at $71.92 2 hours ago, and 34% higher - 01000110 01010101 01000011 01001011 01011001 01001111 01010101 00100001

For the 4th time in its brief existence, the social media must-have stock has entered a bear market (greater than 20% correction from a high).

However, the plunge from the after-hours peak (at $71.92) this time is the largest peak-to-trough drop (to $53.82 for now) since the IPO at 25%...

Charts: Bloomberg

- advertisements -

Wed, 02/05/2014 - 20:45 | 4406262 THX 1178

The wheels are really falling off this thing. Anything can happen.

Wed, 02/05/2014 - 20:50 | 4406274 Induced Coma

But how about TWTRQ, maybe the Algo's got it mixed up again?

Wed, 02/05/2014 - 21:24 | 4406400 Fredo Corleone

Skynet has become self-aware...

"Charlie don't surf !"

Wed, 02/05/2014 - 21:29 | 4406424 satoshi911

SKYNET went online 1997, funny GOOGLE went online 1997,

GOOGLE was first round funded by PERKINS/ZELL back in the early 1990's by NSA/CIA.

Last month GOOGLE bought "BOSTON ROBOTICS", the makers of TERMINATOR Life-Size POLICE robots, just like on Elysium.

SKYNET employees work in the BAY-AHREA but like to sleep in San Franciso, where they can wine and dine, and enjoy their $500k salarys in style. Funny if the 'resistance' sent somebody in the future to come back and take out those GOOGLE BUSES?

ONLY DO HARM

I'm from the Government, I'm here to help YOU. :)

Wed, 02/05/2014 - 22:00 | 4406506 NoDebt

Twitter: the Members Only jacket of 2014.

Facebook: the matching parachute pants.

Wed, 02/05/2014 - 22:29 | 4406591 Skateboarder

Apple has been doing shuttles for a while now, from SF and Santa Cruz. One of my homies lived in SC for a while and shuttled in. Never heard a peep from the SF crowd about Apple, but I can definitely see the iEnamored peoples opposing Googlestan.

Wed, 02/05/2014 - 23:58 | 4406814 Ranger4564

I say let them fight it out and we wait in the bushes to take out whatever* is left.

* I won't dignify them as people, so whatever is appropriate.

Whatever. Fuck 'em all. Sociopathic mother fuckers.

Wed, 02/05/2014 - 20:50 | 4406277 knukles

Would I be wrong in saying "Who really cares?" For other than the MSM's fixation on this and other i&e-Crap stocks, there's nothing left to talk about but "Uh oh?"
Or is this just me being jaded on a late Wednesday afternoon preceding the incoming rain showers?

Wed, 02/05/2014 - 21:05 | 4406331 Spastica Rex

My answer is, "no, you wouldn't."

Wed, 02/05/2014 - 21:14 | 4406343 Uber Vandal

It's Wednesday?

https://www.youtube.com/watch?v=x3K1t0669no

Wed, 02/05/2014 - 21:20 | 4406399 Spastica Rex

That song can sometimes bring me to tears.

Thu, 02/06/2014 - 00:24 | 4406853 thexperience

Great tune, thanks. Hadn't heard it before. Sometimes music can give you chills

Wed, 02/05/2014 - 20:55 | 4406289 aVileRat

I love the smell of fried HFT's in the morning. Smells like victory.

A good thought study would be to figure out which set of words or phrases trigger ignition rallies. Then simply load a press release with those trigger phrases along with some really negative EPS numbers. Algo speed reads the press release and buys the entire stack, only for the switch operators to realize his aim-bot just sent him under 18% by the morning bell. An ECCM for HFT's so to speak.

Onwards to the gas numbers and then the mark to magic Friday tape. NOAA talking back the gas tape today does not fit with the cold-front sattelite images going into the weekend.

Wed, 02/05/2014 - 23:39 | 4406774 Againstthelie

This already exists. It's called press agencies and only five of them control the West's reality...

Shalom!

Wed, 02/05/2014 - 20:44 | 4406263 threeputting

Fuck Twitter.

Wed, 02/05/2014 - 20:49 | 4406267 NOTaREALmerican

Just "investors" taking "profits".

Wed, 02/05/2014 - 20:51 | 4406284 knukles

Yeeeeeaaaaaaah!

Meaning that pile of cash on the sidelines, the humongoloid buying power just waiting to be unleashed upon the unsuspecting markets, has grown stupendously in late trading!
And all the bulls are lining up to buy the shit at the open in Asia!

Hoooray!

Wed, 02/05/2014 - 21:02 | 4406316 Mr Pink

Bitcoin getting slammed in last couple hours too.

Anyone know why?

Wed, 02/05/2014 - 21:09 | 4406354 Crisismode

There's a new BitCoin mining app for the iPhone, that will mine all the remaining BitCoins available, in 62 days from now.

Wed, 02/05/2014 - 21:13 | 4406362 ebworthen

Melting iPhones!

Wed, 02/05/2014 - 20:49 | 4406268 Bunga Bunga

SEA takes over FB. Headquarter in Damascus now. LOL

http://rt.com/news/syrian-electronic-army-facebook-783/

Wed, 02/05/2014 - 20:47 | 4406270 ebworthen

"Fuck You!"

LOL, nice binary there Tyler.

I'm sure there was an algo saying this:

01100101 01100001 01110100 00100000 01101101 01111001 00100000 01110011 01101000 01101111 01110010 01110100 01110011 00100001

http://www.convertbinary.com/

(opens in new window/tab)

Wed, 02/05/2014 - 21:03 | 4406311 This-Is-Sparta

You could be right, I am thinking it is saying:

01000010 01010100 01000110 01000001 01010100 01001000 00100001

or perhaps...

01010100 01101000 01101001 01110011 00100000 01101001 01110011 00100000 01010011 01110000 01100001 01110010 01110100 01100001 00100001

Wed, 02/05/2014 - 21:40 | 4406447 AlaricBalth

41 6C 61 72 69 63 42 61 6C 74 68 20 67 69 76 65 73 20 79 6F 75 20 61 20 2B 31 20 45 42 2E 20 D A 41 6C 6C 20 74 68 65 20 62 65 73 74 20 74 6F 20 79 6F 75 21

Thu, 02/06/2014 - 06:42 | 4407180 Curiously_Crazy

65 115 32 100 111 32 73 33 32 87 104 97 116 32 98 101 116 116 101 114 32 119 97 121 32 116 111 32 119 97 115 116 101 32 97 32 98 105 116 32 111 102 32 116 105 109 101

Thu, 02/06/2014 - 06:26 | 4407169 Curiously_Crazy

I just guessed it by the number of characters :)

Wed, 02/05/2014 - 20:47 | 4406271 infinity8

Makes my day (after 12" of snow yesterday).

Wed, 02/05/2014 - 21:15 | 4406374 Johnny Cocknballs

I assume you're referencing this guy.

Wed, 02/05/2014 - 21:33 | 4406432 infinity8

! :D - Tanks for da link, Johnny. Nah, I bin da shovellin'-type lass cupple days.

Fuck. I just realized how white I still am after typing that. Still lovin' it tho'. :)

Wed, 02/05/2014 - 20:49 | 4406273 Johnny Cocknballs

01010100 01111001 01101100 01100101 01110010 00100000 01101001 01110011 00100000 01100001 00100000 01001010 01100101 01110111 01101001 01110011 01101000 00100000 01000010 01110101 01101100 01100111 01100001 01110010 01101001 01100001 01101110 00100000 01101001 01101101 01101101 01101001 01100111 01110010 01100001 01101110 01110100 00100000 01110111 01101001 01110100 01101000 00100000 01100001 00100000 01100010 01100001 01100011 01101011 01100111 01110010 01101111 01110101 01101110 01100100 00100000 01101001 01101110 00100000 01101101 01101001 01100011 01110010 01101111 01100010 01101001 01101111 01101100 01101111 01100111 01111001 00100000 01100001 01101110 01100100 00100000 01100001 00100000 01110000 01100101 01101110 01100011 01101000 01100001 01101110 01110100 00100000 01100110 01101111 01110010 00100000 01100110 01110010 01100101 01100001 01101011 01111001 00100000 01110011 01100101 01111000 00101110 00100000 00100000 01010011 01101111 00100000 01001001 00100111 01110110 01100101 00100000 01101000 01100101 01100001 01110010 01100100 00101110

Wed, 02/05/2014 - 20:56 | 4406303 knukles

He's not Bulgarian.

Wed, 02/05/2014 - 21:05 | 4406338 Johnny Cocknballs

No? I bet he isn't on Lloyd Blankfein's bowling team either, is he?

Fuckin Satoshi....

Wed, 02/05/2014 - 21:14 | 4406368 knukles

LOL

Wed, 02/05/2014 - 21:36 | 4406437 Tall Tom

You must understand that Zerohedge is to the right of Rush Limbaugh,

I despise Obama as much as the rest of you, but this story is a non-story from the wall street journal. Then ZH takes the story, and makes it sound like Obama is going to NULL&VOID the constitution. He cannot. That will be done by HILLARY-2016, for now Obama is a lame-duck. He will only blame Congress ( republicans ) for standing in is way, but he's finished. Move along and focus on HILLARY-2016. * ZH is owned by ABC-MEDIA a right-wing marketing firm for Nazi ideology in Europe. They target 'doom&gloom' idiots to sell them russian brides, and bitcoin mining hardware.

~ Satoshi101

http://www.reddit.com/r/conspiro/comments/1wc4r4/what_constitution_obama_to_emphasize_intention_to/

Hey I missed out on the Russian Brides...

How many Russian Brides did you guys get? This just isn't fair.

As for being a Nazi?

I am not Nazi. I am against all forms of Socialism.

Nazis are the National Socialist Party, Satoshi. Fascism is Socialism, Satoshi.

Thu, 02/06/2014 - 05:53 | 4407155 Squid-puppets a...

except for the bit where the nazi's cozied up to all the industrial capitalists like prescott bush

Wed, 02/05/2014 - 20:58 | 4406310 ebworthen

Computer scientists really need to get to work on the Quaternary code using GATC and the DNA helix; binary is so inefficient.

Wed, 02/05/2014 - 21:15 | 4406372 Skateboarder

Haven't we had enough already?

Wed, 02/05/2014 - 23:06 | 4406704 infinity8

No shit and Amen.

Thu, 02/06/2014 - 00:25 | 4406858 BadLibertarian

DNA is binary. There are only two pairing types: A-T and C-G.

Thu, 02/06/2014 - 00:56 | 4406933 ebworthen

True, but you are thinking in two dimensions.

Differentiate A-T and C-G pairing with different voltage thresholds, encode information within a differential helix, and the code geometrically expands in its storage and processing efficiency.

But yeah, this would just help the Matrix and Skynet so forget it.

Thu, 02/06/2014 - 01:14 | 4406959 BadLibertarian

That, or you get the DNA of Lilu Dallas Multipass.

Thu, 02/06/2014 - 02:31 | 4407026 ebworthen

lol, yes, I'd take her DNA anyday of the week.

Wed, 02/05/2014 - 21:04 | 4406322 This-Is-Sparta

01001100 01001111 01001100 00100001 00100000 00100000 01010100 01101000 01101001 01110011 00100000 01110011 01101000 01101001 01110100 00100000 01101001 01110011 00100000 01100110 01110101 01101110 01101110 01111001 00101110

Wed, 02/05/2014 - 21:17 | 4406386 ebworthen

01101101 01111001 01110011 01110000 01100001 01100011 01100101 00101110 01100011 01101111 01101101

Thu, 02/06/2014 - 04:41 | 4407130 praps

There are only 10 types of people. Those who understand binary numbers and those who don't.

Thu, 02/06/2014 - 06:53 | 4407187 Curiously_Crazy

God that brought back memories of slashdot from over 10 years ago.

Wed, 02/05/2014 - 21:09 | 4406347 alphamentalist

you need to get that into 140 characters...

Thu, 02/06/2014 - 01:15 | 4406963 prains

that's what his wife said

Wed, 02/05/2014 - 20:52 | 4406291 buzzsaw99

just another daylight robbery of the pension funds

Wed, 02/05/2014 - 20:54 | 4406299 TideFighter

144 Ways to say, Pile-o-Shit.

Wed, 02/05/2014 - 20:56 | 4406301 Obama_4_Dictator

Waaa Waaa

Wed, 02/05/2014 - 20:56 | 4406305 PHantomofthemarkets

01101001 01101110 01110100 01100101 01110010 01101110 01100101 01110100 00100000 01100010 01110101 01100010 01100010 01101100 01100101

Wed, 02/05/2014 - 21:00 | 4406314 syntaxterror

Jeez, just increase the character limit from 140 to 154 (10% MOAR free!) That should be worth at least a 10% bump in the share price.

Wed, 02/05/2014 - 22:32 | 4406600 August

And good for 1% off the CPI, hedonically speaking.

Wed, 02/05/2014 - 21:07 | 4406344 Tall Tom

Okay Tyler...Why did you send me to a weird YouTube video? (put 01000110 01010101 01000011 01001011 01011001 01001111 01010101 00100001 into a YouTube Search Engine...)

https://www.youtube.com/watch?v=rmm0nYgL7LY

What am I missing? I am obtuse Tyler. Please help me out and give me a clue.

Wed, 02/05/2014 - 21:16 | 4406363 Zero_Sum

It's binary for 70 85 67 75 89 79 85 33. In ASCII that translates to F-U-C-K-Y-O-U-! . As you can see, all the binary speaking geeks (like me) have a field day whenever someone goes there. We're all very clever and very pleased with ourselves. It's the grown-up version of pig latin.

Wed, 02/05/2014 - 21:29 | 4406421 Ness.

Thank you for the explanation. I was afraid someone hacked my BTC wallet.

Wed, 02/05/2014 - 21:42 | 4406454 Tall Tom

01001001 00100000 01110011 01110100 01110101 01100100 01101001 01100101 01100100 00100000 01000110 01101111 01110010 01110100 01110010 01100001 01101110 00100000 01110111 01101000 01100101 01101110 00100000 01001001 00100000 01110111 01100101 01101110 01110100 00100000 01110100 01101111 00100000 01000011 01101111 01101100 01101100 01100101 01100111 01100101 00101110 00100000 01001101 01111001 00100000 01100011 01101111 01100100 01100101 00100000 01110111 01100001 01110011 00100000 01100110 01100101 01100100 00100000 01101001 01101110 01110100 01101111 00100000 01110100 01101000 01100101 00100000 01101101 01100001 01100011 01101000 01101001 01101110 01100101 00100000 01100010 01111001 00100000 01100001 00100000 01000011 01100001 01110010 01100100 00100000 01010010 01100101 01100001 01100100 01100101 01110010 00101110 00101110 00101110 01100001 00100000 01101100 01101111 01101110 01100111 00100000 01110100 01101001 01101101 01100101 00100000 01100001 01100111 01101111 00101110 00001010 00001010 01001001 01100110 00100000 01110011 01100001 01110100 01101001 01110010 01100101 00100000 01100101 01110011 01100011 01100001 01110000 01100101 01110011 00100000 01111001 01101111 01110101 00100000 01110100 01101000 01100101 01101110 00100000 01001001 00100000 01100100 01101111 00100000 01110101 01101110 01100100 01100101 01110010 01110011 01110100 01100001 01101110 01100100 00101110

Wed, 02/05/2014 - 21:12 | 4406365 knukles

Right now that vid's had all of 73 views.
Congrats, you just made the next Justin Bieber
Or an anti muzzie vid to blame a war on.

Whatever

Wed, 02/05/2014 - 21:47 | 4406461 Tall Tom

Now that is not my video, Knuckles.

This is my YouTube Channel

https://www.youtube.com/channel/UC8QcbSiNx5aG21vlMz8A9wQ

I am pretty open. You can see what I have been watching.

Wed, 02/05/2014 - 21:09 | 4406346 The Gooch

CLUTCH.

http://www.youtube.com/watch?v=dFSm9vfwtNw

Wed, 02/05/2014 - 21:22 | 4406401 Skateboarder

Excelente! I remember that album.

For anyone who likes rock operas:

Ayreon - 01011001

Part 1

Part 2

Wed, 02/05/2014 - 22:14 | 4406552 The Gooch

Sleepytime Gorilla Museum was fun.

http://www.youtube.com/watch?v=Y45d4fQOrKg&feature=kp

Wed, 02/05/2014 - 21:08 | 4406348 walküre

No buyers. Volumeless and soon even vaporless. Anyone still long in this shit show of a market is either playing with OPMs or needs to check into a gambling rehab.

Wed, 02/05/2014 - 21:09 | 4406353 One And Only

01001001 01100110 00100000 01111001 01101111 01110101 00100111 01110010 01100101 00100000 01110010 01100101 01100001 01100100 01101001 01101110 01100111 00100000 01110100 01101000 01101001 01110011 00100000 01100111 01101111 00100000 01101010 01100101 01110010 01101011 00100000 01111001 01101111 01110101 01110010 00100000 01100100 01101001 01100011 01101011 00100000 01101111 01100110 01100110 00001010

Wed, 02/05/2014 - 21:54 | 4406493 Tall Tom

01011001 01100101 01100001 01101000 00100001 00100001 00100001 00100000 01001001 01100110 00100000 01111001 01101111 01110101 00100000 01100001 01110010 01100101 00100000 01110010 01100101 01100001 01100100 01101001 01101110 01100111 00100000 01110100 01101000 01100101 00100000 01110010 01100101 01110011 01110000 01101111 01101110 01110011 01100101 00100000 01110100 01101000 01100101 01101110 00100000 01100111 01101111 00100000 01100001 01110101 01110100 01101111 01100110 01100101 01101100 01101100 01100001 01110100 01100101 00101110 00100000 01000110 01101001 01100111 01101000 01110100 00100000 01000011 01101100 01110101 01100010 00100000 01010010 01110101 01101100 01100101 01111010 00100001 00100001 00100001

Wed, 02/05/2014 - 21:11 | 4406359 WTFMOFO

There is somethign to "Twitter"...I mean I just got a recorded message from our High School letting us know that "Confession" (gossip) accounts on Twitter are interrupting the classes and causing problems at the school.

What happend to the days of fist fights, smoking and getting stinky pinkies?

Wed, 02/05/2014 - 21:38 | 4406445 22winmag

A major survey of social media users revealed that Twitter users considered themselves "sexier" and "better in bed" than user of FaceBook and other social media sites.

Twitter just shit the bed and doesn't look very sexy now... does it?

Wed, 02/05/2014 - 21:47 | 4406470 TheRideNeverEnds

Dammit now I wish I had sold more calls in there today.... but don't we all.

The way they crushed premium into the close made me think it was a trap.

Wed, 02/05/2014 - 22:06 | 4406528 Bobportlandor

..-. ..- -.-. -.- -.-- --- ..- -... . .-. -. .- -. -.- .

Thu, 02/06/2014 - 03:05 | 4407058 Tall Tom

- .... . -... . .-. -. .- -. -.- .. ... --- ..- - .-.-.- -. --- .-- .. - .. ... .--. .-. --- .--. . .-. .-.. -.-- ... .- .. -.. ..-. ..- -.-. -.- -.-- --- ..- -.-- . .-.. .-.. . -.

Thu, 02/06/2014 - 06:57 | 4407191 Curiously_Crazy

-.. --- . ... -. .----. - -- .- - - . .-. .-.-.- .-- . -.-. .- -. ... - .. .-.. .-.. ... .- -.-- .----. ..-. ..- -.-. -.- -.-- --- ..- - .... . -... . .-. -. .- -. -.- .----.

Wed, 02/05/2014 - 22:15 | 4406553 lasvegaspersona

Of the 10 kinds of people in the world, I'm in the half that don't do binary.

Thu, 02/06/2014 - 03:02 | 4407052 Tall Tom

I do the Binary and she has to be pretty.

Wed, 02/05/2014 - 22:24 | 4406581 Downtoolong

To the algo that bought TWTR at $71.92 2 hours ago

Send it a binary code email that says "Smart Technology = The greatest of all greater fools."

Q: What’s dumber than an algo that thinks it can purchase a $40.00 stock for $0.01?

A: An algo that manages to purchase a $40.00 stock for $0.01, then turns around a microsecond later and sells it for $0.02

Wed, 02/05/2014 - 22:26 | 4406584 lewietheparrot

This bear market stuff is all new to me.

in the 1970's & '80's-----20 % was a normal expected pullback after a good run or a surge

I was even cheaper----waiting for 30%

it seems that a bear market entry was much lower than this

Wed, 02/05/2014 - 22:36 | 4406614 Rising Sun

twitter in the shitter

Wed, 02/05/2014 - 23:29 | 4406756 jonjon831983

BTFD.

Thu, 02/06/2014 - 01:33 | 4406976 U4 eee aaa

I don't think I've seen an 'instant bear market' chart like that since I-bubble days.

So does this mean we are going to see the algo jumping out a window tonight or will we just see it down at the bar drowning its sorrows (or maybe it will be buying up an excess of beer stocks tomorrow)?

Thu, 02/06/2014 - 02:26 | 4407022 Spungo

Hairy gay men enter bear market. News at 11.

Thu, 02/06/2014 - 06:30 | 4407171 swanpoint

hQEMA/WCl9R4JQUIAQgAjJRbLeOoLHmYwkAwPsiJm7L+Abj0Aa+mRL1R/sPLSAwe
LFCqDCzeZUVDxgs9W+4AvU+bY/AeNetkMwpM5v5iOlj4NS+wVUUgjoKo+qfJOWSp
45pRUAfLxWCGtluUeYo4YZ0ylM46evN7/XDI78T87dqfQ7RDbCJnOWEpyMpgqO/0
YbscD9UBC11dXENidkE/WSGNpTBrhuYU0aWv84L8czmhPxh1CWVTxW9Urx5mNrCh

Thu, 02/06/2014 - 07:02 | 4407193 Curiously_Crazy

PGP/GPG

Thu, 02/06/2014 - 06:55 | 4407188 bdub2

isn't it about time for zh to go public. Represented by a ticker symbol that captures all the class and dignity that is zh: "BTFD"

Thu, 02/06/2014 - 11:29 | 4407744 Common_Cents22

or LMAO or SHTF or DOOM

Thu, 02/06/2014 - 09:57 | 4407495 Mi Naem

What does the binary expression "01000110 01010101 01000011 01001011 01011001 01001111 01010101 00100001" mean?

See http://www.convertbinary.com/ to translate.

Pretty funny.

Twitter Enters Bear Market

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