> When analysts start to throw in the towel on a company, that is not a good sign.
I've been led to believe that is the exact opposite of the truth. Isn't the consensus most bullish at the top and most bearish at the bottom? Its almost self evident that a stock is most hated when it is low and most liked when it is high. That's not to say that it can't go lower and so from a short term trading perspective it might not be good, but at some point the sellers will be exhausted and shorts will have to be covered and the trend will reverse. Unless Twitter they are so broke that they are going out of business, at some point it will become a good buy.
I was eyeing up the chart for evidence of this, because my knee-jerk reaction was similar to yours.
I'm still not sure how to judge this. The stock is essentially at the same place it was last year. There was some growth through Sept, Oct (hmmm...election??) but then it came back down to the mid-teens.
At this point, the stock is trading higher than expectations, which I think could be a good thing.
I didn't know about the earnings call when somebody mentioned Twitters disastrous stock price yesterday, I took some of that to be due to Snap filing, and investors looking at the market realising that much of Twitter's revenue will be moving over to Snap. That has probably already happened, but putting an IPO out likely raises a few eyeballs.
I've been led to believe that is the exact opposite of the truth. Isn't the consensus most bullish at the top and most bearish at the bottom? Its almost self evident that a stock is most hated when it is low and most liked when it is high. That's not to say that it can't go lower and so from a short term trading perspective it might not be good, but at some point the sellers will be exhausted and shorts will have to be covered and the trend will reverse. Unless Twitter they are so broke that they are going out of business, at some point it will become a good buy.