Indices are trying to digest all the negative "guru talk". Nasdaq staying green despite pundits negativity.
S&P 500 @ 1686.97, low 1683.35
Internals are positive
Oil Down 20 cents
Gold UP $22.10
Canadian $ Down 17 tick @ 96.97
VIX Down 2.09% @ 13.13
Portfolio ANR BAC F KOG TCK AUY.....csiq calls 0 bid
Most stocks are UP
@ 2.00 following are red :
BAC KOG YELP CSIQ MKTG JCP TSLA TIF
AMZN GOOG FB RDN DNKN EXPE SU
CMG EBAY M BIDU COH PCLN MA
V GRPN WPRT ZNGA SNDK C
KORS MON NVDA FSLR
SBUX MCD MGA MS
WLT GS IBN....
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hey Saleem,
Sold YELP @ 51.028. It almost looks like they are lined up against FB, especially given FB's newly announced partnership with OPEN and YELP's recent foray into that reservation business. I decided to sell for now based on tricky technicals and lack of catalysts, but would likely be a buyer on a pullback.
I may have overlooked the potential for competition in the space, but I still think it is open enough for many players currently--I just hate the growing alignment against the social gorilla FB. Even the recent takeout rumor with YHOO last week cited the need to compete against FB and GOOG.
Stocktrader
Hi Stocktrader,
I think the weakness in YELP after hitting $59.35 is reflecting some uncertainty....it may fill the gap around $43 area.
Saleem
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