YELP: Building my short position as I turn negative in the mkt Short

NYSE:YELP1D

Yelp Inc.NYSE

Description

⋅ Mar 5, 2019 11:24 PM

Been eyeing on this and did pull a trigger. Opened this:

Apr 12th -- 36 puts

No escape for this. 100% sure.

Support and Resistance Trend Lines

Comments

lousyjets

⋅ Mar 6, 2019 5:45 PM

BOOOM Play
Trade closed.

JGoldmann

⋅ Mar 6, 2019 2:54 AM

So sad holding 100 shares ((. What is a long perspective you think?

lousyjets

⋅ Mar 6, 2019 9:02 AM

@JGoldmann, If you're stock (commons) holder then why worry? You can hold them for as long as you want. It is a good name but mkt conditions make it look bad. In near term it will come down to 34.80 and the worst case scenario (ONLY if mkt corrects big) near 30.xx

Hope this helps.

KNUTWILLIE2U

⋅ Mar 6, 2019 12:26 AM

Nice graph!

lousyjets

⋅ Mar 6, 2019 12:28 AM

@KNUTWILLIE2U, Glad you liked it.