....only 3.6% of float. Nobody to squeeze. Looking for major sell-off going into and perhaps following earnings. Momentum stocks can correct just as violently as they rise.
Sentiment: Strong Sell
How can you upgrade a stock that currently sells at 100x next year EPS, 9x sales, 13x book and nearly 100x FCF.
Seems like 1999 all over again. At some point valuations will matter again....but not right now!
Not enough short interest for spike on squeeze. Hey, it may move up on deal. However, I think money managers would have hard time committing new capital to this issue at prices up here. Looking for move to below $200 over next 2 months.
Better have good earnings tomorrow or this will gap down hard IMO. Even with good earnings, I think it may be a sell the news event.
BFD.....stay short for sell the news reaction to gov't deal. I actually think chart looks good for shorts...bull trap move before another downward leg...IMO
just reinitiated short position at $235 today!
escalator up.....elevator down!
8 more days like this and YELP would still be valued at 10x sales and 10x book. Good luck!