NEW YORK (TheStreet) -- TheStreet's Jim Cramer asks how a stock like Twitter (TWTR - Get Report) can rise 8%. He admits he said it could have gone up 8% or down 8% based on monthly average user numbers.
But it turns out people are not focused as much on that and are instead looking at unregistered users, which could number more than 500 million. New CFO Anthony Noto intends to make Twitter this biggest brand on the Internet, and the so-called "Noto Factor" could be driving up the stock, too.
Cramer said he did not recommend the stock at $38 because he could not figure it out, and says he would be just as bad as all the analysts who upgraded it if he comes out now and says he likes it at $47. If it comes down, then he will say it is a buy, but he has no standing to recommend it at $47. He is simply admitting it, unlike the analysts who now love it after they hated it.