November 8, 2013
Twitter shares hit the open market at $45.10 and quickly rose to over $48 per share, an 80% gain on the IPO price of $26 per share. Still interested in buying shares today? Consider the following charts, detailing three recent IPOs:
In what's become a famous Op-Ed in the NY Times, Warren Buffett shared his opinion to "Be fearful when others are greedy, and greedy when others are fearful." My advice to clients today - let's not be greedy. The fast money's been made in Twitter - a logical entry point to own Twitter may present itself, but today is not that day.
Chuck Wade, Financial Advisor
(This article contains the current opinions of the author but not necessarily those of Brighton Securities Corp. The author's opinions are subject to change without notice. This blog post is for informational purposes only. Forecasts, estimates, and certain information contained herein should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. References to specific securities and their issuers are for illustrative purposes only and are not intended and should not be interpreted as recommendations to purchase or sell such securities).