| Videos | Channels | Search |
My Yelp review suggests a sell
The online review site, Yelp is overbought and is heading for a fall, according to Serge Berger, trader at Blue Oak Advisors. Serge is focusing his Monday trade on the social network after it gained by more than a third last week on the back of better than expected earnings.
Yelp reported encouraging revenue growth and revealed it drew 108 million unique visitors per month in the second quarter, a 38 percent increase from a year earlier. Find how why Serge is now shorting the stock as he outlines his trading strategy in Monday's Trader's Tale.
00:41 minutes
Tags: app, application, blue oak advisors, earnings, growth, news, revenue, review, saxo, saxo bank, saxo tv, saxotv, serge, serge berger, sergeberger, short, shorting, social media, social network, socialmedia, socialnetwork, trade idea, traders, trading, tradingfloor.com, video, yelp