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Is Twitter (TWTR) a Runaway Train?

NEW YORK ( TheStreet) -- It seems as if nothing can stop the Twitter (TWTR - Get Report) train. By midday on Thursday, the social network was rallying 4.5% to $73.11 and had seen a 23.8% boost in share value over the shortened Christmas week.

Demand for the company has reached stratospheric levels. Since its market debut in early November, the stock has surged 181.2% higher than its $26 IPO price and 62.1% over its opening trade of $45.10.

TWTR Chart TWTR data by YCharts

"While the Twitter move in December may not have initially begun as a squeeze, it has turned into one. All those folks screaming about valuation have missed a 70% move," wrote Real Money Pro contributor Timothy Collins in his column Thursday. "Even I think the valuation has run way ahead of price at this stage. While the potential for the company remains, buying on anything other than a technical play makes little sense here."

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TWTR $29.06 1.08%
AAPL $111.79 0.17%
FB $94.12 -0.15%
GOOG $652.30 0.87%
TSLA $219.25 1.70%


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