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Less Than A Year Ago, I Said Twitter Was A Screaming Buy – Was I Right?

|Includes: Twitter, Inc. (TWTR)
Summary

Screaming buy at 16 back in August.

Up 191% in less than a year.

It was only about ten months ago, on August 2, 2017, that I wrote the article, Why Twitter is a Screaming Buy. I discussed several reasons, including Twitter’s biggest asset (Donald Trump). Also, an extensive coverage of earnings and the lack thereof. I also came up with some suggestions about how Twitter could improve its revenues.

At the time that I wrote the article, the stock was trading for less than $16 a share. It closed at the end of the day at 16.07. What’s it trading for now? Currently, the stock is up 6.15% just for today so far, closing at 46.76.

What’s the return if you had bought the stock back on August 2? A very respectable 191%! Not bad for a holding period of less than a year.

The bird is flying!!!

Disclosure: Author owns TWTR.

Disclosure: I am/we are long TWTR.