Investors Still Fearful Of Tech? [Twitter Inc, FireEye Inc, Pandora Media Inc, Facebook Inc, Apple Inc.]

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May 12, 2014 11:18am NASDAQ:QQQ

social media etfsShares of Twitter Inc. (NYSE:TWTR) are moving higher in early trading again today on an upgrade to ‘buy’ from ‘neutral’ at SunTrust. Since declining more than 20% in two days last week and dropping more than 60% from all-time highs, Twitter’s stock has recovered more than 10%.

As the poster-stock of all things broken in momentum trades, Twitter embodies the big debate among the more aggressive traders on Wall Street: is this an oversold bounce or have these shares made at least a trading low and perhaps something even more?

In the attached video Jeff Kilburg of KKM Financial says he got involved in Twitter when it went under $30 and there’s still more room to run. “I think Twitter is a short-term trade as well as a long-term investment. I think they have to get their act together and get a little more focused but I think you keep a (stop) in the upper $20s”.

Watch the video below for more details:

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