Twitter Takes Off

There has been no stopping Twitter (TWTR) this past week. The stock has blown through my upside target of $48. My Dec. 20 $44-$48 call spreads have more than doubled, and I am out of those spreads now. Actually, I am out at lower prices than are currently printing on the board. We've almost tagged $50 on the day, so this run into the highs of the first weekday of trading will likely find selling. It's been a month, and all those standing on the pine box find themselves now having to look up to the Twitter longs rather than down upon them -- even those who bought on Day 1.

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