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: