still have 1450 left short , was down over 25 grand last Monday morning, was gonna throw in the towel if we got to $112. bought pre market on Mexico news mid week @ $93.99. I am now ahead on realized gains 24 grand and my average short with remaining shares is $91.33. They got me a wash sale because I have been accumulating short position on the way up,if I was to sell out here it would be approx another $7,000 gain. That's a 56 grand turnaround in a week, not bad. I still think we go down Monday but if we get in low $80's buyers might come back in, I want to re short in very high $80's again,but Yelps bubble might burst. I hope I don't second guess my covering of shares Thursday and Friday. A profit is a profit. I still think next earnings report will be bad for YELP we shall see, we still have 7 weeks. Out of all internet stocks that John (African American on CNBC Tech guru ) covers (52 of them ) Yelp performed the worst last week.
Never happening Cyber----- MSFTwasted six bill on Aquantive( advertising firm they paid $64 a share and it was trading at 24 at the time, they tried to compete with Google but could not and they just wrote them off and made no $$. the new CEO will try to innovate
@ Lego listen to Moneynow, we probably sell off into the close because no one wants to hold going into Monday with big news from Russia on Sunday, Imagine if bad news comes out of Yelp,even with all the Yahoo news Mexico news and everything else it's still being hit hard by the fact insiders sell their shares as fast as they get them.
The owner said he had apples that tasted like Pvssy so i bought 3, I took a bite of the first one and spitted it out and told the owner they tasted like Sheet, he said I was eating the wrong side. He said turn it over where there was a tiny bit of hair.
Lego take your profits,this will retrace to the price before earnings like $74 before it has a small rebound and then it falls again after that.
Sorry Blake,I would suggest sell if it goes to $87,or get rid of it now. Buy a solar company IMO or even Google which will be splitting in 3 weeks.
I want it to get over $87 again so I can short more for a day trade, I believe this will sell hard into the close..I still have 2100 shares short,covered 2700 already..
because they might have a HUGE profit.and they see it disappearing
If it goes over $87 short more Just my opinion and just for a trade, I think the market will get weak into the close.