by Gavin M.
There's no doubt YELP is a mess. It's like the Yellow Pages of web reviews. It has outlived its usefulness. How can a review company really compete against Google and the many online companies out there? A lot of small businesses have even left YELP due to ridiculous fees to get their business shown online. The numbers were all horrible, the guidance was extremely bad and to add insult to injury, their Chairman left. I would not even buy a single share of YELP even if it was the last thing on earth. Yelp has no support until the $18 region. They may take it there fast or slow - it all depends on the evil doers. I mean, look at LL - a really crap company, it is still hovering above $18 even with all its key people leaving. Do you want to stop gambling and finally start trading? Consider learning how to properly trade and not throw your money randomly at the markets. Good luck to all who are still long!
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by Gavin M.
Twitter reports tomorrow afternoon. Will it be like last time when it got leaked a few hours before? We shall see! As you can see on the chart above, it is hoping against hope that the current price level holds and we shall see something significant coming out of their earnings. There are arguments for both sides. Here they are summarized: PROS -Periscope acquisition could add more MAUs and engagement -Dorsey could inspire more confidence from investors -Buyers of stock hoping for a Buyout / Takeover CONS -Doubts that they've turned things around so quickly since last Q -Have they figured out a way to really monetize their platform? If you're in the buyout camp, I can totally see your point and it could very well happen sometime soon. You just need the execs to utter these three magic words, "considering strategic alternatives" and you'll have a nice pop on the stock. Option Flow has been skewed to the bullish side these past few weeks as well so that should give you folks in the bull camp some hope. I personally like Twitter. I love using it to express my moronic ideas and to reach out to people who truly care about trading. I truly don't want the company to go under. Let's put it this way, I would rather short FB than short Twitter. However, if the company can't get their act straight in the coming quarters, they may truly face serious headwinds. Even if the company's stock craters to $10, I don't think they'll disappear though. I mean, look at BlackBerry, they're still around and they're no longer significant. Good luck tomorrow, g̶a̶m̶b̶l̶e̶r̶s̶ TRADERS! by Gavin M.
ETSY - you either hate it or love it. In a market full of companies that don't make money, I am quite shocked that they did not take this down further. After a few interesting mentions by GOOGLE, the stock popped to 22. Nobody knows whether it is to fill the gap or a deadcat but it is quite funny. As posted before, we warned clients to take a look at ETSY for a deadcat play and it worked out quite nicely. I will not outline the reasons we provided to our clients because that is privileged information but this bounce was very big and made for quick gains. I am obviously out of ETSY soon as I saw the gap fill at $22. As the greedy traders in this market would do, they probably are still in waiting for a bounce to $28. Where ETSY goes now depends on the hype and the ridiculous press releases they come up with soon. However, as a trader, seize on every momentum opportunity that presents itself because that is the point of making FAST MONEY. Some people hope and dream and some will go out there and make it happen. Decide what kind of a person you are. |
Multiple AuthorsTraders from Equity Sense will be writing on this blog on positions and other market-related things. Archives
May 2018
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