Yelp shares surge in stock market debut

[SUJagFan]

Yelp's stock opened to five-star reviews from investors on Friday, soaring 60 percent in the first hour of trading after pricing at $15 on Thursday night.
The online reviews site's initial public offering priced above its targeted range of $12 to $14 per share. That already suggested strong investor demand for a slice of the 8-year-old online reviews site, which has yet to turn a profit.


Shares added about $9 to $24 Friday morning.

Hmmm.

I've seen this before.

Eight year old site that has yet to turn a profit. Yet, the stock is soaring.

I'm thinking about shorting this puppy.

What say you, investors?

 

[GRAM4LIFE]

Yup

 

[buckwheat]

Yelp's stock opened to five-star reviews from investors on Friday, soaring 60 percent in the first hour of trading after pricing at $15 on Thursday night.
The online reviews site's initial public offering priced above its targeted range of $12 to $14 per share. That already suggested strong investor demand for a slice of the 8-year-old online reviews site, which has yet to turn a profit.


Shares added about $9 to $24 Friday morning.



Hmmm.




I've seen this before.

Eight year old site that has yet to turn a profit. Yet, the stock is soaring.

I'm thinking about shorting this puppy.

What say you, investors?

I say go for it! I used Yelp for the first time a few weeks ago. I had never heard of it before.

 

[Blacknbengal]

Yelp's stock opened to five-star reviews from investors on Friday, soaring 60 percent in the first hour of trading after pricing at $15 on Thursday night.
The online reviews site's initial public offering priced above its targeted range of $12 to $14 per share. That already suggested strong investor demand for a slice of the 8-year-old online reviews site, which has yet to turn a profit.


Shares added about $9 to $24 Friday morning.

Hmmm.

I've seen this before.

Eight year old site that has yet to turn a profit. Yet, the stock is soaring.

I'm thinking about shorting this puppy.

What say you, investors?

How is this going for you?

 

[SUJagFan]

How is this going for you?

Interesting you should ask.

Apparently, others had the same idea I did and the price went down to around $20 for the next few days.

Since then, the price has gone up to $30 but today the price is down 5% to $26.47 at this moment.

I'm betting that the price is going to drop after their next quarterly report if they don't make any money. The institutional investors may stick around, but I think individual investors are going to be very skittish if this thing doesn't turn a profit soon.

We'll see if I'm right.

 

[Blacknbengal]

Yeah, I jumped at it and saw that the price is dropping. Well, I'll just stick around and see where it goes before belling.