I get the sense YELP is going to smoke numbers this quarter. If you recall, I loaded up prior to last quarter’s numbers at $41, pared down some of the position to reduce exposure, locking in huge gains; but now it’s time to reload the proverbial boat again.
Indeud.
Over the past week, I’ve been a buyer of YELP’s shares and have completed my purchases today. Ultimately, YELP will be bought out or trade in the $100-200 price range. That has always been my opinion, even when the stock was $14. Go check the archives.
In short, I sold out of non-core names, SUNE and YY, and have added to a core position. I like to consider my non-core positions conduits that finance core position purchases.
At any rate, I’m still a little hesitant about the market, due to recent GOP developments. Hopefully, they opt for sanity over the way of the Palin.
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this came out yesterday.
http://www.forbes.com/sites/dividendchannel/2013/10/14/january-2016-options-now-available-for-yelp/
cost basis Dr. Fly?
Hey YELP shorts – tell me how my ass tastes
they are probably enjoying it
Smart man.
Well it looks like the most devastating poll in the history of the world of polling of all times!!!!! Did not work. So much for propaganda.
remember BORN burrito?.. OMG 🙂
“What I am about to say will befuddle many of you, but I want YELP to trade down after earnings. For the love of calamity, I want to own YELP 20% lower. But I think it trades much higher, maybe over $100 within two years. **So, clearly, I had to own some ahead of earnings. If this is their breakout quarter and I missed it, I would’ve never forgiven myself.** You can view my position as a hedge against my ego.”
You were 60% cash at the time, hit a homerun, I think you will again, but “loaded up” and “had to own some of it” is revisionist history, no?
I would chagrin at casual inferences such as these tarnish a brilliant lustre with cheap turns of phrase. lol.
Yelp to $120 though all the same.
I will resume minding my own business now
bend over and smile