Rapid 10 day run to option expiration---Now Back to low 60's
all momentum driving this stock to today's option expiration---I am buyer in low 60's today showed me how vulnerable Yelp can get hit-------Do not chase----expect late Monday or Tuesday for 3% decline and then back to $ 62-63 by end of week
I totally agree but I'm looking to buy in the high 50's. Maybe test the August 2 high as new support, somewhere between 57-59. Once some week hands see that this can drop 5% in one session, they'll bale. Too much euphoria. The only thing that kept this from dropping like a stone today was options expiration.