Post your guess on today's price close on Twitter's IPO.....is said to open trading at 26 bucks or so.
My guess is a bullish close at 40.50....lots of guys are going to be on the sidelines for this one after getting smashed by the facebook IPO...
With the market booming these days (inflation based paper booming) I expect the banks to run twitter up......
Crazy run up....stock is traded privately from 26 and released to the public at 44. Nice test of 50$ even, and drop back to the mid 40's for the close.
This stock would have dumped like Facebook did, but I think the banks were out in front on this one...it had to go smoothly in order to restore confidence in the Goldman's of the world ability to make IPO's huge successes. That is why the pre-open runup went from 26ish to 44.
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