YELP — Short Short

NYSE:YELP1D

Yelp Inc.NYSE

Description

⋅ Nov 18, 2015 4:28 PM

Enough steam to fill that wide gap? I don't think so.

YELP should go back down around $20.

Trade closed manually

⋅ Mar 3, 2016 4:58 PM

ALthough I made money on this trade, the setup was wrong; the gap did get filled!

Lesson learned:–
Be patient, let the bulls come to you before shorting.