原来是业绩平平的HF搞的怪# Stock
S*6
1 楼
There are two stocks I want to focus on today, and each has a different
public perception. The first is Twitter (NASDAQ:TWTR), and the second is
BlackBerry (NASDAQ:BBRY). Right now, these stocks are almost at opposite
ends of the spectrum when it comes to investor sentiment. Twitter could not
be loved more than it is right now, but BlackBerry has almost been shunned
like it was wearing a scarlet letter.
Since December 2, Twitter has flown. The stock moved from the mid $40s to
over $70 in less than a month. This is almost unheard of, but given the
unique catalysts that exist at the end of this year it is also not
surprising. There are many hedge funds that are lagging this market and they
want to make up ground before the year comes to an end. What better way to
do that then with a company that has all of the bells and whistles investors
are looking for?
Twitter was embraced and promoted aggressively over the last few weeks and
investors followed suit. The rally in the stock has brought valuation levels
to what perceived fair value might be four or five years from now (if
everything goes right), so the stock is extremely rich, but investors love
it and no one is questioning recent gains. That is, no one but me and a few
select others.
The majority of the street still thinks that Twitter is solid, and I don't
really have any problem with the business model either, I just don't like
the valuation. The stock has increased too much, and it did it recently for
all of the wrong reasons. Sure, good news must accompany a move like this,
but the main catalyst came from hedge funds who were trying to catch up with
this market. They seemed to have done that because the rally in Twitter in
the month of December was huge.
public perception. The first is Twitter (NASDAQ:TWTR), and the second is
BlackBerry (NASDAQ:BBRY). Right now, these stocks are almost at opposite
ends of the spectrum when it comes to investor sentiment. Twitter could not
be loved more than it is right now, but BlackBerry has almost been shunned
like it was wearing a scarlet letter.
Since December 2, Twitter has flown. The stock moved from the mid $40s to
over $70 in less than a month. This is almost unheard of, but given the
unique catalysts that exist at the end of this year it is also not
surprising. There are many hedge funds that are lagging this market and they
want to make up ground before the year comes to an end. What better way to
do that then with a company that has all of the bells and whistles investors
are looking for?
Twitter was embraced and promoted aggressively over the last few weeks and
investors followed suit. The rally in the stock has brought valuation levels
to what perceived fair value might be four or five years from now (if
everything goes right), so the stock is extremely rich, but investors love
it and no one is questioning recent gains. That is, no one but me and a few
select others.
The majority of the street still thinks that Twitter is solid, and I don't
really have any problem with the business model either, I just don't like
the valuation. The stock has increased too much, and it did it recently for
all of the wrong reasons. Sure, good news must accompany a move like this,
but the main catalyst came from hedge funds who were trying to catch up with
this market. They seemed to have done that because the rally in Twitter in
the month of December was huge.
