I don’t care where the stocks trades tomorrow. I am making a commitment, a very public one indeed, to never sell this stock–ever. The only way I am going to sell YELP is when they get acquired. See, it’s not a matter of if they get bought out, but when.
I’ve made a determination, long ago, that companies like YELP, TRIP, ANGI, OPEN, LNKD and Z should never be sold. However, due to the vagaries of the stock market, there are times when I try to “time the top” in a feeble attempt to show off market savvy.
The smartphone market is a $300 billion per business. Companies who are able to capitalize on mobile win. No one does it better than YELP. Hands down, the stock is a screaming buy at any time you are able to purchase its shares.
As of now, I am long YELP, OPEN and FB. Regrettably, I did not buy GSVC in the 8′s, even though I highlighted it for being $4 under its NAV a few weeks ago.
Moving on, I am in Richmond, VA, in a hotel that is filled with southern bone-heads. They rate this hotel top tier. I rate it scum of the earth. Their gym equipment is antiquated and the clerk at the front desk needs a psychiatrist and fast.
As you know, “The Fly” will be fulfilling the duties of any respectable northern man of commerce and nationalism, treading in the foot steps of the great northern general, William Tecumseh Sherman.
DEVELOPING…