This original post was over a year ago when YELP was over $87, I covered Friday and will go long early next week and sell in low $50's which should take 2 weeks or so.Good Luck
Hey Bob did you go away like Tgator1993 said..I sure hope he is right,we will be wealthy with all that cash,I wish i bought some more shares.Is it still trading it stays at eleven cents.
Toby--How are you.Where have you been.Thanks for the info...
Stay away from TZA I do agree Russell 2000 is way overbought,but I got burned real real bad on that ETF it re calabrates every day, you would need a real bear market to make tons of $$ on that along with TVIX (the vix triple ETF ) very risky I lost over 50 grand on those 2 ETFS, I made ( paper ) 80 grand on PANW but I have a sell in @ $88.
Sultan Peach who is that directed toward Tmbigen, he did support management but changed his mind that is acceptable, Its the other 2 that pumped for whatever reason and now they have disappeared. Never put all eggs in one basket it could blow up in your face although it can make you rich man if you bought SNDK at $5 or BEAV @5 or even GMCR and many others at the low. The CEO has been quiet since the video.
Some are covering into the close,I will hold my Short till at least 2 earnings reports plus a correction will happen soon, and YELP should be taken to the woodshed.
Many short sellers pop in again,this will fall, and big but who knows when is the question,it's gonna be worse then best buy but you need a strong stomach for this,if you are making $$ on longs and other shorts,you have to take your eye off the ticker,the risk reward is definitely in the favor of RISK,gonna hurt the longs be smart and take profits up here or you will be sorry, YOU HAVE BEEN WARNED.
Yelp started out strong but it fading now,hopefully down $6 for the day,maybe Intc will put hurting on some tech stocks that are overvalued.
If another #$%$ upgrades it will go up,but it is over bought at least that's what Zacks says