Market Report: ELON SHORTS TWITTER & WHAT INVESTORS SHOULD BE DOING
Market Mondays
EYL Network
5.0 • 4.1K Ratings
🗓️ 22 April 2022
⏱️ 12 minutes
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Summary
In this Market Report we talk about Elon Musk pullback from Twitter, we also talked about what investors should be doing during this time in the market. #twitter #elonmusk #investing
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Transcript
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| 0:00.0 | Elon must decide not to join Twitter's board of directors and discloses that he has $11 |
| 0:06.3 | billion short position in Twitter. So this is interesting news. It's a good time to invest |
| 0:11.2 | in Twitter, Stock Dash, if people be shorting Twitter. It went up like 25% when they announced |
| 0:17.2 | that he was going to be on the board of directors. But now it's reversed. So what do we feel about |
| 0:23.5 | this new email? Elon is doing what he should do. He is the greatest troll master that there is. |
| 0:32.0 | So Elon is always going to do what is best for him. Yeah, I'm sure. Yeah, I think Twitter is a |
| 0:38.1 | neutral. I wouldn't short it. I wouldn't go long. And if one person can affect the stock that much, |
| 0:44.0 | there's not a much value. I mean, I think it's a good trade. But if I'm looking at the charts right now, |
| 0:48.5 | I wouldn't touch this probably going to fall back down to like 3829. But after that, I wouldn't touch |
| 0:55.6 | it at all. Josh Brown made a very interesting point last week that the value of Twitter since IPO |
| 1:04.8 | has not changed virtually that much. So if you held since IPO, you at most, you may have gotten like |
| 1:11.5 | 6, 7% gain. And the tech sector, man, that's dead money. You don't want to waste money for that |
| 1:17.1 | long. So I wouldn't touch it right now. Maybe Twitter won't let Elon have the control that he wants. |
| 1:24.5 | But there are so many better companies to invest in long-term opposed to Twitter. And with him |
| 1:31.2 | having that considerable stake, I mean, he has a bigger position in Twitter opposed to Vanguard. |
| 1:36.0 | I wouldn't touch it right now. I really wouldn't. There's a bunch of other companies. And to be honest, |
| 1:41.2 | there's probably eight or nine better cryptos you can invest in right now. Then Twitter and get |
| 1:45.3 | a better bank for your buck. Yeah, I'm with you on that. I think there's so many different opportunities |
| 1:51.8 | in the market that you can put your money in long-term. We've seen this happen before. I mean, |
| 1:56.2 | Elon just has his effect on companies, right? Like he says that he's going to be to a board membership |
| 2:00.7 | or to I forward. He has 9% stake in it. And then he goes on a Twitter rant on Saturday and by Monday, |
| 2:07.7 | on the road to Budova. Now he doesn't want to do it. But for the people who invested in Twitter, |
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