After sliding from a high near $70 in December of 2013 to a price of $32.20, investors who were sold the hot tech high flyer may have been exiting the past few months with a case of whiplash. But is now the opportunity to buy? Some hedge funds may thinks so, and they are picking a bottom. Twitter’s stock up on high recent volume Twitter Inc (NYSE:TWTR) was up nearly 1% on Thursday following heavy recent buying. The day before the stock bottomed on May 6, volume spiked in a pattern similar to the December 26 top, when sellers began…
Is Twitter Inc Finding Hedge Fund Support?
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.