Closing A Second Bad Trade ($TWTR, $RAX)

By: ispeculatornew
Date posted: 05.01.2015 (4:12 am) | Write a Comment  (0 Comments)

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After a very promising start to the year, my long & short stock picks are in a bad slump now. I’m actually lucky in a way on this one. I continue to believe in Twitter (TWTR) and can’t imagine them not turning around at some point. I also like the “Periscope” product that they purchased and launched very recently and led me to do something I pretty much never even consider; an earnings play. I almost bought Twitter just ahead of the earnings in what would have been a very bad trade. In the end, playing Russian Roulette did not seem so tempting and I’m glad I did not. Still, I did have exposure to Twitter through this trade which I’ll close this morning. The trade now stands at -46% with my 2015 performance now at -5.30%.

ycharts_chart (1)

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