Wednesday, July 29, 2015

Yelp Upgraded to Adamantium Buy

July 29, 2015
Yelp shares plunge, chairman steps down

Shares of the online reviews site toppled 28% Wednesday after it reported grim second-quarter earnings Tuesday and said chairman Max Levchin is leaving.

August 22, 2014
Yelp (YELP) 2015 Price Target - $130

In early 2014, YELP went parabolic and hit $101.75 per share, just $3.25 shy of my 2014 price target of $105. This move satisfied all of my expectations for the year in 3 short months. I have since been focused on my 2015 price target of $130.

The unsustainable parabolic trend came to an end. Who would have guessed?

Yelp (YELP) is now a buy in the $65-$70 range.

Buy! Catch that falling knife!

In conclusion, don't fear big drops, buy them. Buy between $65-$70 on the next major correction and add more if it drops from there. Look to sell between $100-$130 in 2015 and then attempt to buy back lower when everyone is betting against YELP again.

Don't fear the big drops! Buy them! Yelp is now an adamantium buy at $25 per share. That's right. It is the Captain America's shield of safe stock buying opportunities! No further harm can come to you!

Yelp! Don't let the fat cats bite your ear off with your complacency! You can always sell at $130 later this year! Just think of the profits!!

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