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Yelp Inc. Message Board

  • tavor000 tavor000 May 2, 2013 4:18 PM Flag

    Got out at 31.8...not sure

    what to expect here...I think 26-30 gaps will get filled on the way far it goes up before that is hard to say. Shorts might still get burned on this considering the low float.

    Best of luck.

    Sentiment: Sell

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    • PS...that was me closing out a long position.

      In my brief experience holding this stock and trading in and out a few times since January 13...these 15-20% (and higher) run-ups typically re-fill gaps. Also, the stock peaks early in the first 2 hours and sells off last hour, regardless of market conditions. One big problem with holding YELP (long) is competition from FB and GOOG...even a small news article or opinion which infringes on yelp's review systems can swing the stock down. Saw it come up 10% on a single day and retrace 15% over the 2 next trading days after at least twice.

      I still think YELP can peak at 35-40 in this overvalued market...BOL.

    • You're ok, But, i'm screwed - short at 31.13 and I hear a wisper number of 35. I sure hope it doesn't go that far!

      Sentiment: Strong Sell

28.23-1.50(-5.05%)Jun 24 4:03 PMEDT