Sold my Twitter $TWTR stock as the election nears

Posted By on October 2, 2020

With Twitter $TWTR stock rising this week and the election around the corner, I debated buying a PUT option, but instead decided I would feel more comfortable in a cash position than wondering what direction the stock will move next time.

TWTR_4yr_chart20101

Years ago I unfortunately picked Twitter as my social network investment and for the most part would have been better just “trading” in and out of the stock. After years of ups and downs, rumors of selling the company and Congress reclassifying social networking platforms as “news” organizations … it basically the stock (or company) hasn’t turned out as planned. I’m sure now that I’m out, something will happen (isn’t that the way it always seems to be?)

So for now, I can relax in that I’m out of a speculative investment and rethink where I want to be as the next big change for Brenda and I will be retirement (5 or 6 short years away).
Surprised smile

Comments

Desultory - des-uhl-tawr-ee, -tohr-ee

  1. lacking in consistency, constancy, or visible order, disconnected; fitful: desultory conversation.
  2. digressing from or unconnected with the main subject; random: a desultory remark.
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