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Yelp Inc. Message Board

  • makingdollaz makingdollaz Aug 1, 2013 5:35 PM Flag

    Sold at $51.50 and took profits, this is no FB..

    and I'm more than happy with the nice gain. never thought it would spike that high. just don't think it has the legs to keep going for the next few days like FB after earnings. there will be profit taking and i'm one of them.. gl if u stay long. I may open a short position pre-market if the trend is down, but not confident on anymore upside in the near term...

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    • Agreed. I started a 10K short position at 52.55. and saw my paper gain vanished thanks to afterhour sympathy gain to LNKD superb earnings. LOL

      what can I do?! it is what it is. Maybe pre-market the stock will go back down in my favor.

      I agreed with your take cause YELP is no FB. # of users. FB has billions in revenue while YELP has been stuck with $200 million per year after 10 years in business. Not to mention still at an operating loss.

      Anyhow...I see YELP heading back to 49 by next week. Probably even lower when the overall market takes profit.

      BTW, great trade and great pop.

      Sentiment: Sell

 
YELP
27.905+1.275(+4.79%)3:09 PMEDT