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.
This was the opportunity of the year for me. New position in a high growth company today, I feel like I stole shares from the weak hands.
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.
They say buyers can buy the car online and pick it up in other states.....LOL....Do they have any idea what they're talking about? Even now they continue to pump the stock to $295? This NJ thing sets a precedent for what other states may do. This is the first in many headwinds. Do analysts today even care that stocks are overvalued?
1883 on the S&P is the high for 2014.......Get the memo out to Jeremy Siegel, Thomas Lee, and all the rest of the perma bulls.
That's embarrassing, not to mention the fact you're already down your new buy. And to think you could have sold your entire position over $101 a few days ago.....and then take a new position in the low $80's next week.
That's how the game is played.
Flyonthewall said today that out of the 49 analysts who cover FB, 20 have price targets less than where it's currently trading, so they have "catching up" to do. So when they increase their PPS targets to match the others, the stock will go even higher.
PLUG? PLUG was trading at .14 (that's 14 cents) less than a year ago....lol..
And the bubble just keeps getting bigger and bigger, for a biotech at least 2-3 years away from anything. We're talking Phase I here, not Phase III.
OMG, you STILL haven't taken your profits, even now? You're a microcosm for the pervasive greed on Wall street today. Just watch your paper profits evaporate as YELP heads down to the $80's very quickly.
You have no idea what happened, so don't even try to pretend you do. Now they're thinking the plane may have disintegrated....there goes your theory.
Unfortunately, Boeing will lead the market lower tomorrow and the rest of the week.