"Two short months ago, Yelp's share price collapsed following dismal earnings. Within days the company had an idea for pumping its stock back up - announce the investigation of a possible sale... Now weeks later, the CEO has been forced to admit: YELP CEO SAID TO DECIDE AGAINST FINDING A BUYER FOR NOW. We are sure there was just so much demand and that the company had so much organic growth ahead that he decided against it... traders are not amused - Yelp is down 8% and halted."
"hot_stocks", eh? huh. Apparently you are fairly new around here - I am not.
And, I am sure as hell not JoeL! That is wretchedly insulting.
No, I just prefer a thoughtful search for the truth over the breathless pumping of desperate cheerleaders and the predictable bashing of fuzzy green trolls who live in trash cans.
I was thinking this was just somebody closing out some short positions.
Didn't we see basically the same thing mid-day a couple weeks ago up to $1.30 or so before resuming the descent to current levels?