Is Twitter Inc Finding Hedge Fund Support?

HFA Padded
Mark Melin
Published on
Updated on

After sliding from a high near $70 in December of 2013 to a price of $32.20, investors who were sold the hot tech high flyer may have been exiting the past few months with a case of whiplash.  But is now the opportunity to buy?  Some hedge funds may thinks so, and they are picking a bottom. Twitter’s stock up on high recent volume Twitter Inc (NYSE:TWTR) was up nearly 1% on Thursday following heavy recent buying. The day before the stock bottomed on May 6, volume spiked in a pattern similar to the December 26 top, when sellers began…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.