The much hyped and anticipated IPO is finally upon us. Twitter (TWTR) has listed its stock price at $26 dollars a share up from the price that was thought to be around $20 a share.
Now the question that everyone is asking is will this be another Facebook. I have an answer to that and more actually. I am going to predict what the Twitter stock will end at on the closing bell.
One moment while I get my secret weapon.
So, as I flip my penny in the air and call heads for up and tails for down I think about when I done this for Facebook last year. I nailed it last year with tails.
Tails again. Well, there you have folks, twitter will not do well today.
On a serious note, the volatility of the stock and the raising of their IPO price this week would suggest caution but I would predict a similar pace to Facebook only better.
So I am going with a slow first day but a great first year for Twitter. Wait one week and then buy strong wait 12 months and then sell. After you do this remember to send me some money.
Of course, I could be 100% wrong if so, blame the penny.