This article was originally posted on the
Buzz & Banter
where subscribers can follow over 30 professional traders as they
share their ideas in real time. Want access to the Buzz plus
unlimited market commentary?
Click here to learn more about MVPRO+
Sean Udall is the author of the
, a tech focused newsletter. The following is a free
Take a free trial!
I'm peeling a touch of
) here in the $39s, as this is a 30%-ish increase from my lowest
purchases on the name and much higher returns on some of the calls
I bought when everyone was panicking.
I'm keeping 85-90% of my exposure, but I feel it's prudent to take
a little bit off the top, even though this is still my number one
name for potential future upside.
I still believe TWTR gets back on the "
) post-IPO" price ascension path.
In my post on May 29th
on this subject
[subscription required], I noted:
The TWTR report (this quarter and last quarter) were far better
Palo Alto Networks'
). In fact, they are not even in the same galaxy. Yet, people are
surprised that TWTR is rising and not that surprised about PANW's
move today. So, keep in mind that TWTR was in the $43 range before
the most recent quarter, and around $67 before its first report.
Those are two key markers for the company. In the meantime, MIND
THE GAPS! They are still above the stock's current level but
Thus, over time I see the stock challenging old highs and making
new higher highs. That said, the time frame on those predicted $55,
$75, $100, and $150-plus prices is currently cloudy.
Also, for me, it's always easier to buy the dip on future pullbacks
if I've taken some off on the way back higher.