Is Twitter a Good Investment During IPO Launch? Twitter IPO Symbol : TWTR ?

The IPO market has been hot lately, so with the Twitter (Symbol TWTR) IPO launch expected this week, is $TWTR a good investment?  To answer this, I must admit that I am a value investor looking for solid companies with excellent Financials and  consistent Sales and Earnings Growth Potential.   That being said, $TWTR is not a good investment, in my mind because it is still losing money and this type of IPO can be very volatile as evidenced by the Facebook $FB IPO lauch .

The Twitter (TWTR) price announcement will be Wednesday, November 6th, with the stock open for trading on Thursday, November 7th.   Rather than invest in $TWTR, if you are interested in the IPO market, then I recommend an investment in the IPO ETF $FPX (First Trust IPO Index) which invests in the top 100 IPO's  and mirrors the IPOX 100 Index.  This way you can participate in TWTR but also 99 other IPO's in the Index including Facebook FB, Tesla Motors TSLA , and Kinder Morgan KMI.

Investing in new positions right now can be dangerous, the market looks like it is topping.  While there is a chance for a "blow off top", there is a higher probability for a correction at these levels.  So be careful and always use stops, in this market tight stops would be recommended.

Here is a graph of $FPX, use StockSuccess Market Direction Tool under Market Analysis to determine which way the market is trending then buy when the market is trending up.  Since FPX is below the red bar on the graph below, it is not a buy right now.  We will wait until it goes above the blue bar.  To get buy and sell recommendations, go to my Stock Buzz Trading Group called Value Stocks.