[quote=ucodegen]Don’t know why you can’t short TWTR, though I suspect some of it may be that you can only short on the ‘ask’ side of the transaction and the market maker likes to sit between bid and ask. The ability to only short on the ‘ask’ side was added as a result of the 2008 crash (new regs). The downward motion looks pretty even.
Might want to get prepared to play the bounce. It is still possible to naked short, but only 3 days till cover instead of the old 6 and beyond. Watch tomorrows(tues) and Wednesdays movement. Be prepared for Dead Cat bounce.
You can also play the ‘options’ side if you can’t short.
BTW, who is your brokerage? Are you affected by the lockup on Twitter (employee, board member, have options covered by lockup).
ah, not till end of day…Ok… Well, I guess I’ll wait some more…..You’re probably right about a bounce tomorrow…But I’m also hoping as the stock continues to crater, insiders will panic and sell even more. Kinda like what employees at a startup I worked at in 2000 did once the lockup expired…
