On the one hand, Twitter is not yet profitable
http://money.cnn.com/2013/10/03/technology/social … ?hpt=hp_t2
on the other hand that stock might triple within a year...
While others say it will tank like crazy.
Thoughts on this?
Anyone getting in on the Twitter IPO ?
I felt the same way about Face Book even though they were actually making money, it wasn't a lot. The $38 price tag gave it a PE in the hundreds, not unusual for a startup but I only allow myself one stock at a time that doesn't pay a dividend. When Face Book crashed however I bought 675 shares at $18 and change. Less than a year later I sold off 500 shares at $45 and change. I kept the other 175 shares just in case it turns into another Google. So now I have 175 shares which cost me nothing, from my perspective and a profit of $10,000 on my original $12,000 investment.
Meanwhile, two weeks ago I liquidated about $100k worth of stock in the belief the congressionalidiots will drive us to the brink of a guvment default sending the market into a tailspin. If I am correct I will be able to buy the same shares I sold for perhaps a 20% discount. Here's hoping the insanity in DC will play out as they always do.