Love low volume? I've seen low volume followed by huge volume on News. Either up or down but I'm leaning more towards up right now. If there is any news about a buyout, it'll be very good news not bad. All the bad news had been priced in from a while ago already and that's why this mb is loaded with shorts. The short squeeze is going to be great on this one.
It's a possibility. I think it's more than likely going to be an overnight acquisition. Shorts won't be able to pull in time and it'll only exacerbate the short squeeze early morning. Who would want to be short here over the weekend when its valuation is around $5-6B at least. :|
No news could just as well be great news. Confidentiality agreements until things are official could be a sign. Maybe they're planning on an acquisition announcement in the upcomming conferences? Good luck.
I didn't say it's going to 40. I said my break even is at $40.3. That means I won't lose anything on it until it goes under $40.3. I said "Up huge on it already by 20%". Easy buy here. Winning big on silver/gold the last couple of days.
Obviously you're a short. Usually shorts are somewhat intelligent on MB's than longs but in Yelp's case there are far too many and there are not any that bring any helpful, valid points to the conversation.
Yelp is stagnating. Not worried at all. I break even at $40.3. Up huge on it already by 20%. Made some huge money on silver and gold. Booking some of that here. Looking forward to the buyout and walking away with a 60%+ gain. Seen these bear raids plenty of times already.
That all is irrelevant when it comes to actual growth. The real fact is that Yelp has a MUCH larger user base than GrubHub and Groupon. A part of that has to do with their high-cost business model. Yes, they'll have lower margins in the beginning but that'll increase over time as their revenue increases. Also take a look at their incredible increase in R&D y/y. It is far greater than other companies. Currently they are focused on growth which is much more important to investors. Higher revenue growth usually translates to higher revenue per employee and currently Yelp is out pacing all of its competitors in growth y/y.
If this was a bear raid, this was a terrible one. The one on Questcor Pharmaceuticals from 3 years ago was insane. They would drop the price down to 10% each day and have it come back up. They did that for a full month after its initial drop of around 50%. Eventually it continued on its way up. It was acquired 5x what it was worth after the initial drop.
I was posting here since it was down a couple of days ago after the earnings, before the huge run up of over 20%.
I'd be more scared if it dropped with less volume. That volume indicates that there is a lot of buyers around the bottom not allowing it to drop further. Seems like a bear raid to me. It could also be that Yelp decided not to sell because they think they could increase their value much more. They were probably offered $4.5B or so. They denied Google in 2009 for $500M and Yahoo for $1B. Both deals fell through. From 2009 to now, it expanded and grew significantly in all areas and are now worth significantly more.
Seems like the big guys are testing the lows on this. I remember this when it happened to Questcor Pharmaceuticals several times before the huge run up. Could be wrong. Just my opinion on that.
Haha... That would be pushing it and at the high end of the spectrum but I do think the range of buyout is between $4.5-8B but leaning more towards around $6B.
All of these cases were dismissed nonetheless. These cases were dismissed because they have nothing significant to base their argument on. What is the evidence that Yelp is perpetrating fraud? There are many bad businesses out there. Many of those awful businesses hate Yelp. Why? Because many of those are scammers that are losing business by fraud and being exposed through Yelp. He said/she said doesn't count as documented evidence significant enough to change a verdict. People posting online doesn't count as fraud for Yelp. Yelp employees didn't create these posts, users that use Yelp did.
Yelp doesn't have time to filter or create fraudulent reviews for any particular company. I work in a company as a Programmer and I know the access to these databases are VERY limited to certain levels of IT management. Most of these are impossible to access by a Yelp employee to make any changes/filters on. The assumption that Yelp employees are filtering because they didn't buy their subscription is absurd. They have algorithms which can be created to filter based on certain criteria. They use many metrics such as IP Addresses and unusual account activity based on aggregated data collected from their database. They use probability and statistics to determine if the review may most likely be a fake one based on the algorithm they created.
You really think management of a company would create job openings and tell their employees to change filters if they don't buy subscriptions? Any more cases will just get thrown out again unless they actually find evidence of an employee that works in IT with high level access to the internal database to change filters that is unauthorized to change filters and is doing it anyway. Then maybe there will be a case there. Until then, this is irrelevant and retail investors are being duped into shorting because of it. AOL being bought out at $4B is an indication that Yelp is worth significantly more and shows how fast a company can be acquired.
This made me laugh. Especially the part where you said "your argument is weak" and then following up with that rebuttal attempt about Yelp being a mafia.
Extortion? What a ridiculous statement. They're not writing the reviews. They are no different than IMDB, Amazon or any other company when it comes to this stuff. That's why all these ridiculous attempts to press charges by small businesses are being thrown out the window. It's just like how bad movies get bad reviews. The movies claim it's hurting them. Yeah, it is but it's also keeping them honest. Run a good business and that'll probably help. I'm a computer science major. Been doing Comp Sci for 15 years. I know that algorithms can be created to filter large majority of fake reviews by scannning for proxies/vpns, repeatedly using the same web sessions, repetitive reviews from the same user with very similar text and other criteria. They have statistics in their large database to scan all this data and create an algorithm. It is a ridiculous claim that they are filtering to get paid. They get paid to put ads up. That is not extortion. This is why the ridiculous attempts are getting thrown out. Good luck.