Forget it Jack, It's TwitterTown

Today's violent gap down in TWTR drives home the point that the company continues to be punished by Wall Street, which is clearly unhappy with the core management decisions and has been for quite some time. 

Given that other social media/internet junior names report tonight, namely Pandora and Yelp, we would be wise to focus on them and their respective earnings reactions. YELP, in particular, has been rather strong for a good while now, clearly outpacing the likes of TWTR. 

While a buyout is always possible for Twitter, and price remains above the $14 lows we looked at a few times last year, the sell-off today is simply too ferocious to even consider fading at least until next week. 

But even then, Jack and his band of Tweeters are not likely to turn the ship around to please the market--That is, if they are even thinking in those terms. 

We have TWTR several good chances to cement a proper bottom last year. But when the market reiterates its bearish stance continually, as it has here, it is usually best to look elsewhere with your precious capital.

More on the market and some better ideas in my recap after the bell. 

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