We are all waiting for May 5. However, even if there isn't the sell-off on May 5, TWTR still has so many problems that it looks seriously overvalued, even at current prices...
An "upgrade" that predicts a long-term price of $43.
A user base a fraction of Facebook's, an intent to better monetize its user base with no plan in action yet, and revenues not increasing at the pace desired. TWTR isn't a dying company, but it has problems sufficient to make sustaining this share price a dicey proposition, and one that makes me want to be in puts and not calls.