Twitter (TWTR) closed below $39 on Monday as we enter the last day of the share lock up expiration period. On Wednesday, the majority of TWTR stock will be added to the float which is available to hit the market. However, most of those shares will not be sold due to the low stock price. Several insiders already stated that they will not sell and if they do, they will have to file to sell which will not be for another 90 days after that filing. Twitter (TWTR) is still in a downtrend but expect that to change if the stock breaks out above $39.86 & $40.77. If TWTR breaks $37.24 on the downside, there is significant risk. Twitter (TWTR) is a strong buy below $40 for the rest of 2014. Continue to buy the large dips and sell into rallies.
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