How about the Awesomeness of Twitter
(media.greatawakening.win)
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (20)
sorted by:
Certainly, although I do wonder if their relative weakness is a result of disproportionate growth during covid compared to other markets. Considering Twitter's highest stock valuation (maybe ever? but at least in last 5 years) was in early 2021, it doesn't seem unreasonable to speculate that there was an inflated growth due to hysteria of covid and the election, while for most people who keep themselves at home out of fear of the common cold, social media is their only connection with the world.
Not that I wouldn't love to see facebook and twitter tank, but I just have a hard time believing that they're going anywhere in the near future, or that their stocks are plummeting due to some secret prosecution going on.
I hope it was clear that I was just offering a counter perspective and interested in discussing the data, and wasn't attacking you personally.
No problem on my end. I am glad you pointed it out. Sometimes when I am not going to take a position I get a little lazy looking over a chart. I have to assume that it happens more than I know. That was just a reminder for me. So Thanks.
The market is sending signals that we have more downside available. New supply zones created above price. SPY and QQQ are showing demand zones just at and just below the recent lows. At the same time they have supply zones not that far above for the SPY it is in the 430s. In the QQQ it is in the 340s also in the 350s.
As you said this has nothing to do with any rumors about prosecutions or any other nonsense. Stuff like that is pushed to convince everyone that the market is completely random and only a fool (and Big Banks)would try to time the markets.
As far as why Twitter and Facebook are weaker than the rest of the market I will not even begin to guess. That is not what I do. The fact is I could care less what a company does. I just look at the symbol and the price. I just look for the patterns on a chart that shows me supply and demand imbalances. I assume the market has already priced in any extra nonsense that is floating around about the company.
Of course now I am breaking my rules with DWAC. I honestly believe this is going to be a monster and I am just going to hang on.