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
JRW be careful here,very small float and the people that bought in the beginning are not selling,you might have to wait till earnings or big lock out in MAY,this could go up like DDD or TSLA market cap means nothing ,I was up almost $300,000 for the year 2 weeks ago, thanks to YELP and TWTR ,I got over $50 grand shaved off, I will re appear but on a down trend,Downgrades will be coming early next year IMO also,don't fight the tape,the shorts that come in today, a lot will be squeezed when the market closes,it's been happening almost every day,makes no sense but better off shorting a broken company then a momentum stock at this point.
You can't fight this momentum, I had HUGE gains this year and thought going against my usual trading would pay off here with a short,you can't fight the tape. If you have patience eventually this will turn,but its painful f you shorted a few thousand in the mid $50's like I did,covered early yesterday,just too much momentum now and not many sellers,there will come a time when you can make a fortune shorting this but it is not now,IMO Good Luck All
It might not be in tomorrows issue,but expect a cover story on TWTR on how over valued it is.They put a $15 price target in an issue over a year ago ( On FB ) when the stock was $29 and made it to $17.Tomorrow they will probably have the round table on 2014 stock picks but I would expect it soon (negative on TWTR ),If you are short I would hold strong,let the hedgies have their fun to year end they can try to bring this up another 10-12% but I doubt it,and if they stay in $50's when earnings come out,they will need to knock the cover off the ball,and I'm sure they will lose $$ this quarter,this stock should be $60 but in late 2017 IMO.
going back to $23. My Buddy is a boss there and says no one wants Windows 8,very slow from previous years he says, and the price is much much cheaper. He says he has been selling his own stock.