Max Levchin, a member of the Board of Directors sold off a massive position of 220,000 shares worth more than $10MM. Gee, I wonder why Max sold all of his shares? Does he think he can get a better return on his money elsewhere? Probably but than again who knows why people sell and why they buy?
I have been massively short for 9 months (and correct). Go look it up. But tell me why I am wrong. If the CEO and management team is selling everything they have why should you or anyone else buy this stock. If they don't have confidence to invest their money in the company they should know more about than any of us why should we. Please share!
And guess who sold short last month (Feb 2015)? mulat6821 or whatever his real name is. So, in the next couple of months we will find out how much money mulat6821 is going to lose.
The Yelp CEO sold 24,000 shares in the last 30 days. If there were going to be any upward movement in this stock do you think he would be selling his options as quickly as they vest. He netted more than $1,000,000 in February 2015 alone. As long as this CEO, his executive team and his BOD keep selling every single month. Month after month. Year after year, why should anyone consider buying this stock. If they don't have confidence in the company why should you?
Buying the dips here with this one and playing some movement and building position. It appears to be setting up for a breakout upside move. I would guess some market movement or news catalyst here to bounce this one in the near term. Good luck and welcome constructive thoughts on the technical in this area.
Sentiment: Strong Buy
The CEO! That's who. Did ragwead/goldieboox/optional buy those shares too?!?!?
Someone should ask Jeremy why he keeps selling? If he believed in the company wouldn't at least hold all the options he has been granted? Or.....does he know something that us investors don't.
Interesting....Don't you think?
Please share your stats or your methodology. I don't see the stock doing much.
A challenger for all others?
Talk about competitive advantage- 1000+ brands!
This LOCALZZ! is a MONSTER!
Apparently not. Or the stock would still trade at $100. Why are you so anxious to buy when the CEO Stoppleman and all his executives are selling?