TWTR – Twitter (Last:49.77)

The stock market, drawing on the collective wisdom of tens of millions of investors, is supposedly all-seeing and all-knowing. If so, only a mere handful of them seem to have known that business was improving at Twitter. The stock took a 36% leap after the close on Tuesday, trading as high as 52.48, after strong earnings were reported in a conference call.  I say that a handful saw it coming because volume in some out-of-the-money TWTR calls was suspiciously huge on Tuesday, even if the stock didn’t move that much.  We’ll leave that for the regulators to sort out, since they apear to have mastered the art of catching “insiders” by following paper trails that practically glow in the dark. As for TWTR, it’s already trading $4 above the highest target I could have predicted for it over the short-term.  Since the rally is 99% short-squeeze and 1% bullish buying, there’s no telling how high it might go. The earnings news was very good, although not spectacular, but what do I know?  I have yet to figured out how the company makes its money when, say, a million followers tune to Justin Bieber, down in his cups at 3 a.m.