GMOTruths
Short

YELP — Oversold.

NYSE:YELP   YELP INC
9 0 0
Cover some and take profit.

Still bearish on YELP, and still short some, but covering most of it here. Price is now touching the lower channel of the downtrend. It might be oversold.

If I'm covering too early, I still made a bunch of money. I'd be OK with that mistake.

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