Is Twitter a short term play?
Here's my thoughts:
1. Elon Musks offer is at $54
2. Current price is at ~$37
3. Twitter took a bit when Elon said deal might be off
4. News continues to circulate the deal is not off
So the stock could already be priced at the deal falling through and its not definitive the deal is off.
While there's higher level of risk due to the uncertainties of a buy out or not, seems like there a good chance for some upside movement, all the way up to the offer price should the deal complete.
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