iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,447 Blog Posts

Sustainable Winship

No, I didn’t sell any YELP today; I bought more! The stock will likely trade lower tomorrow, following today’s nirvana. But it accomplished something significant today, aside from all-time high share price: visibility. I gather the lot of you are still using rotary phones and watching black and white televisions with antennas on top; but Yelp is changing the way people pick places to eat. It’s the Zagat killer, social media at its best.

Aside from YELP, BID, RS and JWN, my other positions traded lower, as the market weakened into the bell. That’s all right. We’re overdue a correction and the TVIX needs some love. I am glad to have sold EXK; but chagrined that I bought MAS near the highs of the day. It’s a half position, so I will have no reservations about averaging in lower–should the opportunity present itself.

CPST is such a piece of offal. But I am interested to see how the story plays out, which is why I haven’t sold any shares. If I sold today, my losses would be around 18% and could be easily absorbed and offset with the gains I am enjoying elsewhere. Nevertheless, stubbornly, I still hold.

For the day, I advanced by 1.7%, firmly putting myself at annual and all-time highs, indeud.

 

[youtube:http://www.youtube.com/watch?v=TTPqPZzH-LA 603 500]

 

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25 comments

  1. Been Had Hundreds
    Been Had Hundreds

    Shapow!

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  2. fifty2weekhi

    1st target reached. http://goo.gl/EHGzf

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  3. Hack

    The mindless montage in Wall Street comes to mond…

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  4. Tom

    Hey Pal, go hold that antenna for me until the game is over…

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  5. CornBred

    T.V.? What’s that some newfangled radio show?

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  6. ruggyup

    Absolutely amazing how small cap bio tech keeps running up. Order of magnitude coin being made takes it out of the parlor game bracket.

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  7. DJMarcus

    FLY – this should be your post blog video till next sunday

    http://www.youtube.com/watch?v=s3HaD4QSlh0

    and less posting more words with friends… c’mon

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  8. Weirdo Jay

    dow 40k

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  9. razorsedge

    sir fly excellent call on yelp.

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  10. razorsedge

    if obama care get struck down, we b off to the races. if it all goes away.

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  11. noodle

    Options on YELP

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  12. THEosu

    I’m yelping with you and why not ? Hell , how
    often do we get to have a 27+ for $80m in
    revenue with a $1.6b market cap ?

    Is this a great country or what ?

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  13. GOODGREED

    YELP has been exploding higher since AAPL integrated it more into siri, wish I got on board….

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  14. razorsedge

    yelp i need somebody , yelp not just anybody,

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  15. WTF!

    Yelp, you know I need someone….Ye-e-elp.

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  16. razorsedge

    i think i sold a marina today, i didnt make much but it was a hard assets. not a stock not an etf or bond. but stuff that makes money. something that u can see touch n feel.i didnt fuck anyone there was no-one on the other side of the trade. im good.,

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    • Yabollox

      How do you sell something like a marina to “no-one” (sic) Didn’t someone on the other side of the table have to come up with cash/financing?

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      • drummerboy

        he might be tinking a slip.where one parks his (ahem) boat,yacht.my brother sold his in saugatuck,mi. years ago,and still rents his others. so..did you take mama out for a steak?

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  17. Booz

    That’s marinara, you idiot !

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  18. Hack

    YELP is berserk….

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  19. best website design

    I tend not to write many remarks, but i did a few searching and wound up here Sustainable Winship | Stock Picks and Discussion at iBankCoin | The Fly. And I actually do have a couple of questions for you if you don’t mind. Is it simply me or does it appear like some of these responses come across like they are coming from brain dead folks? 😛 And, if you are writing on other online sites, I’d like to keep up with everything new you have to post. Could you list of all of all your communal sites like your Facebook page, twitter feed, or linkedin profile?

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