I just read that....My conclusion is that the so called service that YELP provides actual hurts the clients they're representing, i.e. the small businesses. The majority of internet, social media names rely on the advertising model for their revenue. With scathing reviews such as this piece in the Huffington Post, ultimately it may adversely effect their advertising revenues going forward.
Based on articles like this, and many others I've read recently, it should be obvious to all how overvalued the stock is.....Keep in mind, at the current price, we're talking about a company with a $4.35B market cap and only $203M in sales, with the issues I mentioned above.
The easiest way to learn more is to start by googling doji, doji start, etc. Basically it indicates indecision in the market, and can be a very important signal for a trend reversal. If it occurs at or near an important resistant point, esp. in a downtrend, it's an even more powerful indicator. Hope that helps.
And the Chairman and CEO (insiders) just sold more stock today, reported in AH. And YELP closed with an intraday doji at the top of the downward channel.
Yes, I know Chicky, thanks for the profound response. If you can believe it, I made money today, and my holdings were net short....So the market will continue to be stock specific, in my opinion.
On another note Chicky, I hate the Fed and the financial media even more after today, if that's even possible.
With your posts, you're confirmed for me as someone whom I would follow (i.e. respond to). There's such a void of civility and so much nonsense on these boards, it's tough to find anyone to respond to anymore....Does that make sense?
If Samsung is the first mover on the watch, and it sells well, then that would make more sense for AAPL's me too approach. Conversely, AAPL could take a wait and see approach if the market demand for the watches is weak. On the other hand, AAPL may just assume it's the next killer app and decide to move forward.
Actually, I'm hedging here and calling it an exhaustion move, aka a massive short covering rally. This market was trying to correct, and the short covering rally today nullified the potential correction.....for now.
I would say if the market stays elevated above the 1810-1815 range by Friday's close, there's a good chance from a technical perspective that it moves higher the last two weeks of the year, maybe even to 1850 as someone else suggested. HOWEVER, if the market closes this week near 1800 or below, I think it will eventually follow through on the correction it started last week. This is my technical read from the $SPX weekly chart.
Huge volume, everyone giddy, Dow up almost 300 points....This was a high volume, blow off top. Now we can watch the markets gradually sell off on lower volume in the coming days, weeks, months, to confirm this top.
Nice short covering rally.......Will we ever get a real correction?
while the rest of the country suffers. Way to go Ben. Ben is so paranoid about upsetting the stock markets. This nonsense is never ending. This was our best chance for a decent market correction, and won't have any of that.
I still think this country is a complete mess, and anyone buying stocks today will get burned.
"Take you out back and teach you a few lessons".......What are you, 14?
And maybe I will attend the next meeting. I'll be the guy sitting next to the Canaccord analyst, learning as much as possible about the facts regarding this company.
and will continue to cite ongoing risks to the recovery, and will say they will revisit the decision after the new year, depending on economic reports.
And this time, I think the market will continue to fall, after maybe a fast knee jerk bounce.
That's right....the market will be going down big, regardless of what the decision is.....and the market is telling you that before the decision.....
Does everyone see how the game is played now? They steal the shorts' shares yesterday, suck more longs in, only to crash the stock the next day.
think again....It's the media who is obsessed over the taper noise, not the Fed. And I'm thinking the market will fall today, regardless of what the Fed says or does....
09:40 EDT LNKD LinkedIn Q4 revenue estimate range lowered at ITG Research
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And it's taking down all the other high flyer momentum plays: YY, YELP, FB, TWTR