How could you possibly believe this is a good investment. I will give the "analyst" firms credit for putting buy ratings on this pig, I mean how else can you wind down your customers positions in a stock with a forward p/e of over 340
Sentiment: Strong Sell
the dow was up almost 300 pts yesterday and up 11 today and yelp has remained stagnant, even with all the upward market pressure the stock refuses to break higher, this is a very good sign for shorts.
dont worry she cant break higher, this will end red today easy. My calls will expire worthless tomorrow regardless.
I was hoping for the market to pullback lol, if the dow wouldve dropped 200+ it might have gotten there ;)
^ yep and there are plenty of scoial media alternatives then FB and TWTR that dont have instrusive videos.
wasnt FB supposed to be cool at one point? LMFAOOO
FB has a market cap of $131BILLION!! Yes I think we are in the "crazy" stages. An auto company (TSLA) that sells less cars in a year then GM sells in a day is trading at 1/4 the market cap...another "crazy" example for ya ;)....just a matter of time until the FED tepers and all this "value" disappears.
The only MA I care about is the 200 day because that is the next stop, market and industry pressure have tried to push this higher like FB and TWTR but refuses to go above $66, I have written 4 consecutive bear spread calls on this pig and will continue on cleaning up until I feel it will reverse.
first off mentioning Cramer in the presence of any real investor: no...just no
secondly, it keeps bouncing hard off the top of that downtrend line which seems to be at $66, will probably not hold and drift lower afternoon and possibly monday. Social media stocks are flying and this one is barely hanging on to the top of that wall....
S&P tested the 1820 mark and is headed lower again, looks almost like a mini triple top on the S&P. Even though there is not enough data to establish a beta on yelp, Im guessing it is somewhere north of 3 and should fall nicely.
Im following the channel right now, not the MAs, support appears to be in the $58 range. and $68 on the upside. If it breaks below $58 it may try to catch that 200 day MA