The Simple Reason Why I Won't Buy Twilio Inc. Stock
Twilio (NYSE: TWLO) likely frustrated many investors over the past year. The cloud services provider went public at $15 last June, surged to the mid-$60s by late September, then crashed to the low $20s before rebounding slightly to the high $20s.
I started buying Twilio last November, and bought additional shares over the following months to lower my cost basis to the the high $20s. I eventually sold my entire position at the end of June, after selling covered calls multiple times for a small profit.
Source: Getty Images.
Source: Fool.com
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