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
23,473 Blog Posts

$YELP is Touching Down

This is a very bittersweet moment for me. On a plus side, I am genuinely happy to see the good folks at YELP do well. I live by their service and believe they are making the world a better place. Are you?

The bitter side of me laments YELP hitting $100 without me. Valuation borders of the obscene absurd. For the home gamers out there, that’s like a lot of craziness out there, so crazy it’s beyond reproach. But who am I to judge, as I am a simple-mere servant and slave to the markets? YELP is going higher because investors see the forest through the trees. They realize the business is worth many, many, many billions of dollars. As a matter of fact, it’s probably worth more than $10 billion– eventually.

I was long YELP since $14. I last sold it in the $60’s after promising not to. I broke my promise and that’s why I am stuck holding my testicles today.

There are many other YELP’s, by the way.

ANGI is so cheap; they can miss earnings and still go up. Another one to keep on your radar, for a long time, is SALE. They are to coupons what YELP is to reviews. They are killing it.

Lastly, I want to discuss diamond wire saws and why a certain stock is a buy because of it. But not just yet.

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19 comments

  1. twinkies

    what level did u sell yelp

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  2. The Pirate

    Frozen at the helm I be now, unsure which way to steer these waters…

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  3. lanforce

    bout to go have a j/o sesh

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  4. tradercaddy

    Here is all you need to know.
    Long GDX,GDXJ etfs (gold miners) and short emerging markets (EEM etf).
    It won’t be over until there are waterfall declines in the emerging markets.
    Last few weeks wasn’t it.
    Think 1997.

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  5. Heckler511

    Yeah YELP really got away from us :-/

    In terms of coupons, what do you think about GRPN? Looks like it’s in a pretty good spot, however earnings are next week.

    When is Living Social, Inc going public? That’s my favorite online couponer.

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    • Heckler511

      ps – looks like GOGO decided to give us another month before reporting earnings…

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  6. TheHarper

    Fly, how much are u down ytd?

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  7. KDog

    Damn…been here with you the whole way. I got to get better at holding longer. I still own ANGI.

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  8. jb

    Big move in CALL. Does the Devil still like it?

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  9. charlie

    Senor, no one covered the $YELP long thesis as well as you did.

    Aside, time to get the Senator on the horn?

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  10. Formergeek

    Sorry but i find YELP to be very untrustworthy for reviews. To many of the reviewers hve no taste buds go for visuals and coolness factors

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    • Kitty

      Yes, totally agree. And also so many are insider written pretending customers. Sick.

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  11. jimbajuice

    The reviews are really the least important part of Yelp. The money is gushing over the mounds of consumer data and advertising potential in Yelp’s database.

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  12. thorgood

    SALE needs to consolidate here..I would not chase it..ER was good..personally I can’t stand the site..but that’s just me.

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