I bought front month calls in this name, looking for a pop this week.
More later,
OA
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Market internals weakening here. Be careful.
Dear OA:
Is YELP’s drop normal?
In a report published Wednesday, Citigroup analyst Mark May initiated coverage on Yelp (NYSE: YELP) with a Neutral rating and $35.00 price target.
In the report, Citigroup noted, “Local advertising represents one of the most attractive, bigpocket opportunities in the Internet sector, in our view. Considering Yelp’s position as a leading online destination for local business reviews, including on mobile, and considering the importance of content/reviews in influencing (offline) transactions, we believe Yelp is well positioned in this secular growth segment. Unlike some Internet companies, mobile represents a near- and long-term tailwind to Yelp’s business, and the company has a significant opportunity outside the U.S. However, our analysis suggests that the current valuation prices in either more upside to earnings than we believe is likely or reasonable to assume today (e.g., from new international markets contribution and/or new ancillary streams) or a take-out premium that we don’t consider in our analysis. As such, we are initiating with a Neutral rating and, all things constant, would look for a more attractive entry level to get more constructive. Our price target of $35 is in-line with current levels, and represents a forward EV/Revenue multiple of 8x, and is based on a 3-year revenue CAGR of 33%.”
Yelp closed on Tuesday at $37.24 .
Jeff – what’s your opinion on $VRTU ?
Stock is on fire! I couldn’t enter here, but could buy into weakness.
MCP little sucker…Jeff ,you have any of that?
First time in a long time that MCP is ripping without me.
lots of open air volume above if it wants it MCP
OA,
Would you be more specific about what you bought regarding WDAY. I still don’t grasp the lingo. Just learning this stuff.
Yep.
Options are issued in different time increments. You have weeklys on some stocks, and monthly expirys after that.
When I say “front month” this means the monthly expiry closest to expiration. In other words, July.
typo, OA – it’s July
Thanks!
Sicko on SHLD, I would have sold today at a 100% gain but my broker’s server is down (Scotia iTrade). Sucks.
Could you tell me why you are so bullish about FSLR long term even it’s forward growth rate is -12%? Just about TA reason?
20% short float
Thanks OA. I’m more like a long time investor buying and holding granpa stocks which I don’t concern much up and down. But I followed you FSLR, concerns me down and loss. Are you going sell any “pop”, or hold till 100 or year end?
Are you not using a stop here? What are you risking?
I’m not setting a stop, rather intend to buy more if it goes down. How about you, any stop ?
Willing to buy more between 38-40.
I am fuzzy now! Nice work OA!
Dear OA: Are you letting CRM run or sell at a target ? It is approaching $40
Are you going to ask this question on every trade I take?
Tell you what…when your trades ‘pop’… sell into strength.