I edged higher by 0.7%, despite having a fucking sinkhole heavily overweighted in my portfolios. As it stands now, YELP represents just 20% of my assets, thanks to all of that awesome depreciation. Thank the heavens for my other stocks, like TEX, EXK, MTW and NXPI, carrying the water for my YELP.
Naturally, the social media sector is being compressed, all thanks to the purposeful and criminal elements inside of the once great firm “Margin Stanley” (h/t:ZH).
The sniveling bastards at MS are the reason why my YELP is going lower. Nothing about YELP matters right now, but the valuation comparison to FB. As the FUCKBOOK valuation drops, so do its peers. I hope the spastic retards at MS (pun intended!) enjoy the 1.1% fee they received for doing the FB deal. Oh, what a splendid job they did too, inviting a bunch of flippers into the deal, fucking it from day 1 because their valuation metrics were off kilter.
See, Margin Stanley is a microcosm of what is wrong with present day America. One day, MS will go bankrupt or delve into oblivion forever. How do I know this? The fucking writing is all over the FUCKBOOK wall (another pun, and yes it was intended!). At this stage, all I can do it make up my YELP losses elsewhere and wait for the company to prove itself, independent from the leviathan that is FB.
With regards to the market: standard bounce, nothing too grande. Let’s see what tomorrow brings before we get excited.
BONUS: Chart Art.Twitter