Well done indeed....this story just keeps getting better and better. The most reliable technical indicator for a stock is price action, which has been very positive.
I love the scale and leverage this company has, and in time they can grow exponentially through all of their vertical markets.
Good dialogue.....It's nice to find that on this venue once in awhile, rather than the same day to day nonsense. We can certainly coexist on opposite sides of the trade, be civil, and add substantive contributions. Stick around, when/if you leave this trade; or, what other boards (stocks) do you have a vested interest?
Lego.........YELP has no barrier to entry at all. They may have some first mover advantage, but it doesn't mean much in their space. FB had to buy Whatssapp; that was a strategic move to gain leverage and more stickiness to their offerings, and also to prevent GOOG from acquiring them.
The only company that could be stupid enough to consider YELP would be YHOO. Their acquisitions like Tumblr are a real yawn.....but YELP's eyeballs really wouldn't drive their search business where GOOG dominates, and I don't think it would enhance EBAY's auction business.
YELP is a nice company, I just don't think it's an attractive acquisition candidate for a lot of reasons.
MSFT is always too little, too late. But if they really wanted to get into the social media space, they would need to acquire a company that would immediately be accretive to earnings......that would not be YELP. MSFT doesn't need a $200M company using advertising for their restaurant et al niche. It just wouldn't make sense.
If they want in the space, they should really buy Twitter, but that wouldn't happen either. FB is way too expensive, and they wouldn't sell to MSFT anyway. So MSFT is stuck.....but YELP is definitely not the answer for them, or Google.
She's dovish, so she'll have a calming effect on the markets. Does anyone know which airport in Wash.D.C. has broomsticks?
for YELP longs, that is......All the speculation and froth in this market has been concentrated on the momentum names, many with no earnings like YELP. Traders just piled into YELP and others, because of momentum investing.
The problem is, the majority of traders are very leveraged, and most of their long trades in YELP are on heavy margin. So now that YELP and the market are in a downtrend, it will go down much faster than it went up.
Margin will only exacerbate that fact.
I think for YELP, $80 is almost a given. Once it gets there, all bets are off.....We'll see. Good luck to all.
Thomas will reiterate his call to ignore the noise, and buy stocks with your eyes closed. Barack and Janet will initiate a new "QE forever" policy. Then they'll all sing Kumbaya together........
It looks like $84-$85 is a given now, what happens after that is anyone's guess....Good luck.
This is called grab and go...take whatever profits you have, and get the heck out. This is serious.......Go UVXY!
In order to justify a class action lawsuit, you have to prove damages. I'd love to see traders sue CNBC and Cramer for their irrational exuberance at the top. Trust me, there will be tons of damage before this is all over.
That story came out a week ago, I thought maybe there was a new story out reiterating their stance today. On another note, finally some fear in the market. You didn't forget what I said the other day, right? I didn't morph into IBDman, by the way.....:)
When you consider this is a company with $230M in revenue, losing money Q over Q, with a market cap of $6.5B, it makes plenty of sense. It would make even more sense if YELP were trading in the $70's.
They will have a blowout quarter and guidance, simply because the chart is set up for a big move, and I'm strictly a technician.....The chart says it may go to $27.50-$28 tomorrow....I just bought in AH while searching for good charts.......Now that I'm in, I looked up what they do....I like that as well.
"the YELP story is intact."........ Translation.....We're in the running for their next share offering and dilution, and we'd like to get those fees, so we'll pump the stock here.