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Trading with The Fly

Dr. Fly
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
23,441 Blog Posts

Fly Sell: YELP

Dr. Fly Tue Jul 10, 2012 11:40am EST 15 Comments

I sold the majority of my YELP position today, leaving a token to remain.

Earnings are not for another month. Therefore, I have no interest in riding the social roller coaster back down. Looking at stocks like ZNGA, P and GRPN makes me feel grateful for having an opportunity to close this trade out profitably.

I will revisit.

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15 comments

  1. acehood
    acehood
    July 10, 2012 at 11:44 am

    Start building sub-20 perhaps?

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  2. I Like Ribs!
    I Like Ribs!
    July 10, 2012 at 11:48 am

    Agreud!

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  3. xxxHuggieBearxxx
    xxxHuggieBearxxx
    July 10, 2012 at 11:54 am

    Pity the fool who bought it…

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  4. surplusdroids
    surplusdroids
    July 10, 2012 at 11:55 am

    Congrats on a great trade fly.

    I am bargain hunting.
    Big head shoulders on the monthly chart of Ford. Looks like it broke the neckline a wee bit.

    http://finviz.com/quote.ashx?t=F&ty=c&ta=0&p=m

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  5. razorsedge
    razorsedge
    July 10, 2012 at 12:05 pm

    sold ocz, even.

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  6. OG
    OG
    July 10, 2012 at 12:17 pm

    Lots of bag holders.

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  7. widespreadpanik
    widespreadpanik
    July 10, 2012 at 12:35 pm

    Lots of leaders breaking down. What a crummy reversal.

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  8. Mr. President
    Mr. President
    July 10, 2012 at 12:39 pm

    No matter how long I do this, whenever Le Fly sells out of a position (or a majority of it) I lose all confidence in it.

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  9. Mr. President
    Mr. President
    July 10, 2012 at 12:40 pm

    And you, sir, are wrong about 2 Chainz. Just as you said “Fuck the cop” about “Mr. Ross”, “Mr. Chainz” has a unique lyrical ability that no one else possesses.

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