Morning Market Look: It’s All About Tesla & Twitter
- Posted by UpsideTrader
- on November 4th, 2013
Everyone is getting all lubed up for the Twitter ($TWTR) IPO on Wednesday. So far the bankers haven’t priced it piggishly, however they still have 72 hours to acquiesce to the greed factor by raising price and the share amount. When I look at some of the garbage that has had G-Force movement this year, I have to believe Twitter will be hot, regardless of pricing.
Twitter isn’t even pubic yet, but that doesn’t stop the analyst analyst community form dishing buy ratings already. They just cant wait can’t wait. Right now price talk is in the 17-20 range.
“Atlantic Equities initiated coverage on Twitter, Inc.with an Overweight rating and price target of $34.00.”
In other news, Goldman raised the Steel sector to neutral. Just so you know, when they go to “buy”, you need to sell. Just how it works.
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