Twitter (TWTR) – 02.08.2017

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There is no difference on Twitter’s side. 2nd quarter results are disappointing again with 0 increase in the monthly active users. This crashed the share price by over 12% to 16$.

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However though remember Warren Buffett’s famous phrase; “Be fearful when everyone is greedy, be greedy when everyone is fearful”. On the other hand we all know that TWTR has a strong support around 15$ – 16$ level.

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After all we believe market has over-reacted to the 2nd quarter results Nd we expect a spike with a target price of 17.50$

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This cannot be considered an investment advice!!