Are only Twits Selling Twitter !?

It does not happen only in India !…such Price Crash in one trading day in a big cap scrip only because lock in period got over !

Twitter twittered bad yesterday on NYSE after selling pressure came in right from the opening on the six month post IPO lock in period getting over…It dragged all Social Media & Internet  Shares with it

The IPO was at US $ 26…the listed Price has always been higher than this and yesterday it touched a Low of US $ 31.72 before closing marginally higher at US $ 31.85…. will it drop below IPO Price !?

Nearly 135 Million shares were traded yesterday,over 10 times the daily average of just over 13 million shares….the Low of US $ 31.72 was recorded yesterday….the High since listing on November 7,2013 has been US $ 74.73

Twitter continues to make a Loss yet quotes at just under 8 Book…perhaps another reason for the rush to sell by Employees on the first day they could…they missed the opportunity to sell on highs of over US $ 70 as their shares were locked in…they settled for quotes yesterday in the US $ 30′ s….Media Reports that the big Shareholders have not offloaded…so is Twitter a buying Opportunity on this Selling Pressure ! ?  …remember how Facebook too had dropped dramatically to US $ 20 levels on selling pressure…even on listing day it fell below IPO Price…It’s since galloped away to US $ 58 + !

“Only Twits are Selling Twitter !” say the loyalists….”Only Twits are buying or staying with Twitter !” say the critics

On Scale, Google is the Big Daddy,with Market Cap nearly 20 times more than Twitter…Twitter Market Cap is now on near par with LinkedIn while Yahoo has a Market Cap double of these two…Facebook continues to be perched comfortably second with a Market Cap of US $ 150 billion