YELP: Day 2's action is not entirely encouraging is it?
The rats are already bailing. If the main market does indeed start slipping away this nonsense will be in single digits soon enough.
Stats - http://finance.yahoo.com/q/ks?s=YELP+Key+Statistics
Doesn't make a profit..will it ever? There are simply too many unknowns about all these social media/infomation providers.
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Ohh, I can just imagine the Facebook IPO looking just like this one, except it'll be even more volatile. Perhaps a 300% opening gap up, with a 50% fall the next day?
Yeah..its all nonsense...even the Greek 1yr bond looks more attractive.
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