Buy Alert: June 17, 2015

| June 17, 2015 | 0 Comments

Buy Alert:  June 17, 2015

 

Trade Details

Buy Twitter (TWTR) July 17th 34.50 Calls for $1.20 or better (lower)

 

Why?

TWTR isn’t doing itself any favors lately.  The former, ineffective CEO just stepped down, and the new CEO doesn’t seem to have a coherent plan how to make things better.  Moreover, the company’s most recent earnings report was atrocious.  However, Twitter is here to stay.  The products have too many users and are too ingrained in everyday life for this company to fail.

With the stock trading just above the 52-week low, now’s a good time to buy some cheap July calls.  Conservative investors can take profits at $36.  Aggressive investors can hold up to $40.  For risk control, conservative traders should exit at $32, while more aggressive traders can hold down to $30.

 

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Category: OTW Buy Alerts