The war on bubble stocks has piled up a ton of causalities, but most non-household names and those pulling the strings, need something to crack that will resonate on Main Street. That target seems to be Twitter TWTR which has been hammered as of late, including a major shellacking today on news of the lock-up expiration. While we are assessing Twitter, we have open positions under similar pressure largely because we think they are oversold.
Only Groupon GRPN has seen it shares drift lower a year after lock-up expiration, and most of the more famous social media deals have seen their shares soar significantly higher after the street panicked over the lock-up.
