Sure, I'll weigh in ....Your pumping the stock all day long is annoying for anyone who's long or short the stock, or thinking about buying it. So stop asking stupid questions in a public venue.
1. Yelp is not profitable, and companies want acquisitions accretive to earnings for their shareholders
2. Yelp is not in the same business as OpenTable, and OpenTable is profitable
3. This is nothing more than a short squeeze, and traders feel this move will fade quickly
4. There is way too much competition for Yelp's services, and a company does not need to pay what would be over $8B for Yelp's $200M in revenue.
These are just a few reasons why Yelp will probably not be acquired anytime soon.
This looks like a desperate move by PCLN to grow, as their core business is stagnant. But OPEN? It's not profitable, yes it has a restaurant reservation brand franchise, but I don't see this helping PCLN much.
The overreaction to the PCLN/OPEN news creates a huge short opportunity for YELP; they're not even in the same business at OPEN.
I sold in pre-market at $72.55....Nice run....YELP really doesn't compete with OPEN, so I don't know what the fuss is.....I'm surprised PCLN would buy OPEN, rather than TRIP or EXPE, etc....I'm waiting to see where this stabilizes, then it may be time to short again. Clearly this is an overreaction to PCLN's move.
And I'm happy to say I'm long both.....YY could go a lot higher from here. YELP may see some resistance in the $70-$70.50 range, but after that breakout, it may be all systems go towards $80.
The broader market is falling, which is predictable after this parabolic run, and given the geopolitical news. And yet, some of the momentum stocks that had taken a beating when the Nasdaq and Russell fell have been on fire the past few days....I guess they're playing catch up, with great relative strength.
Where the market goes from here is anyone's guess.
Don't take my word for it, watch the price action. The price action of YELP is the most telling technical indicator. We'll see ya over $70 by early next week.
GOOG, AAPL, AMZN, and many others.....This would be part of any well known growth company's acquisition strategy.....I truly believe there are companies having ongoing negotiations with YELP....
Amazon claims they're going into the reviews business later this year. YELP not only has first mover advantage, but AMZN's focus is more competitive with Angie's List than YELP anyway. But of course the stupid financial media has to make it look like any competition would be a big deal......it's not.
Thanks for the entertainment factor. The patent has no meaning in terms of reversing the downtrend, caused by medicare fraud and other pressing issues.
Shorting this market is insane.....Not only will the shorts have to cover, but technically we're heading to $80 by next week, if we can get past $72......
I think the junk bonds bubble will one of the things that will finally take down this market. It's still hard to believe anyone will continue to pay even higher prices for overbought equities.
Remember me from 1999 and 2007? Well I'm back! Every stock goes up...No earnings, declining revenue and margins? Who cares? Here comes retail! Can't miss this rally! It's just getting started! YAY!
Technically the shorts are victim to a bear trap this morning and Friday. Technically we're probably looking at $70+ this week and if that is sustained over the 200dma, $79 next week. This post will be bumped all day and all week.