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MLR - Twitter TWTR IPO

Twitter (TWTR) is about to place its IPO. We have had many questions concerning how to invest in TWTR. As with any IPO, we have always advised to wait for it to form some sort of constructive basing pattern which could be as short as a week in rare cases but is usually of a more normal time span of a few to several weeks. Then one can buy on the various buy points that emerge. Of course, we will apprise members of any such buy points as they occur in real time.

For those itching to buy on any stock on its first day of trade, remember that the FB IPO was a disaster for those who bought on the first day while other hot IPOs such as GOOG may rise higher from their first day, though GOOG retraced back to the lower half of its first trading day which may have caused some to sell since you're in no man's land as far as technical action when there is little price/volume data history.

But after some time, both stocks presented buy points. On 9/14/04, 4 weeks after its IPO, GOOG had a breakout from a U-pattern. If this U-pattern seemed too volatile, one could have bought on 9/28/04 when it had a pocket pivot as shown below:

Chart courtesy of eSignal.

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This information is provided by MoKa Investors, LLC DBA Virtue of Selfish Investing (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2021 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.
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