Twitter and Elon Musk: No Regrets on My Part Whatsoever

Headed into the closing bell, I think it is now safe to say that the Elon Musk stake news in Twitter certainly helped spark a further rally in most growth stocks on the day as sentiment understandably felt cheerful amid the 28% pop in shares of TWTR. 

Overall, though, my long-term thesis on growth stocks, stated many times here and with Members dating back to 2021, remains intact--I believe they have topped out on a secular basis, and thus rallies are opportunities to sell and look to get short (the former easier than the latter, of course). 

I personally sold the balance of my long-term investment in TWTR last summer with VIP Members, a position I held since 2017 when I held my nose and went long with shares in the teens. 

Even with this enormous Musk-related pop, TWTR is likely to have a hard time getting back above the mid-$50s, in my view, at least for any period of time. The monthly chart, below, illustrates the lurking overhead supply.

While I am sure Musk will throw his weight around to improve the platform, I do not this news supersedes the larger secular theme of growth having topped and value on the come.