08/07/2014 – Twitter
Twitter TWTR:
1. In our previous (Tues., Aug. 5) Williams edge stock meeting it was noted that a weekly close in Twitter below $45.00 was the weaker position and would indicate a multi-week decline and test of $40.75 (or lower) into the week of Aug. 18 (+/-1 week).
2. The above indication remains intact. Twitter has been unable to get above the $45 level this week (week of Aug. 4) and will likely close the week below $45.00. We feel it’s prudent to wait until Mon. Aug. 11 before taking new short entry in the stock based upon the above. Will update as the market continues to confirm.
David Williams
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.