What is his position on Yelp a these levels?
Now he says MOMO stocks have lot more downside. This will hit $25 soon.
As I recall, right after earnings Cramer said Yelp was going to 100, which it did. Then it fell almost 50% from its high.
Im surprised he can walk the streets without fear...
He may be expecting the same buyout everyone else is... Considering the number of users and the type of data they handle any of the top three could pick them up for 2x the current price. That would yield over $100 and Cramer knows it.