There were a few representative tweets in the article I read on the accounts of Twitter’s S-1 announcement last week. My favorite was, “This is Peak Twitter,” implying it was time to sell — but that overlooks the inconvenient idea that except for the secondary markets, there isn’t anything to sell yet or a place for most of us to do so. I think the person doing the posting, the tweeter I suppose, had that old Wall Street maxim in mind: Buy on the rumor and sell on the news.
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Peak Twitter?
Posted by: Denis Pombriant September 19, 2013 05:00 AMThere were a few representative tweets in the article I read on the accounts of Twitter’s S-1 announcement last week. My favorite was, “This is Peak Twitter,” implying it was time to sell — but that overlooks the inconvenient idea that except for the secondary markets, there isn’t anything to sell yet or a place for most of us to do so. I think the person doing the posting, the tweeter I suppose, had that old Wall Street maxim in mind: Buy on the rumor and sell on the news.