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Thursday, May 22, 2014 11:00:29 AM
Commenting as risk is from what I heard:
Lots of the CNBC guys bought-in back on the initial drop.
Cramer a few ago on MadMoney said he would wait to buy on a caller in.
Charles Schwab wrote in his book that it doesn't matter how good your stock is, it will be suppressed by the overall market (i.e. down market)... so that has to hold true in a market sector (where we're at for Twitter, sort of).
I hope you do good, and I think it will in time but Jim also pointed out it had a downside potential too.
I like Twitter buying all those patents from IBM (or am I mixed up with Alibaba or perhaps they both did... hmmm - anyway they bought patents if I'm not mixed up before going public)...
I think Twitter is going to be bought out offerred fast if it drops to low twenties but with the 52 week high being so tall it'll be declined because of that. I think Jim said that to take a wait and see attitude. While everyone has biases he is someone to consider his insights from contacts and hedge fund experiences.
Not trying to talk you in or out... just putting out knowledge for whoever/whatever to be ignored or consider... get feedback so I can decide on Twitter short term too
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