By Long Short Trader I’ve been bullish twitter for the last 2 years (as others can attest to; go ahead and verify) and am happy to see that it has gone public under favourable market conditions. I find it interesting that 68% of investors believe twitter’s stock price will close lower than $44.90/share within the next 6 months:
Twitter will decline over next six months, according to Bloomberg poll of investors | http://t.co/HGZf1W1WDa pic.twitter.com/HcoEgBbrF8
— Bloomberg News (@BloombergNews) November 22, 2013
Yes, twitter’s valuation is absurd. Yes, the business is (currently) ponzi-financed. Yet investors’ pessimism is real. And rarely is such lop-sided sentiment perfectly correct. Such sentiment is not indicative of euphoria.
Now, the valuation...
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