02Jun12:57 pmEST
Conquering Anti-Social Disorders
Considering they are "social" stocks, the likes of LNKD TWTR YELP, even P, have been decidedly anti-social in their price action over the last few years, especially considering the indices made new highs and many primetime leaders like AMZN FB surged.
We have discussed this theme in recent weeks. So what we are going to do now is update it: I am long a piece of YELP inside Market Chess Subscription Services and may add back to it if the mini-renaissance in social media laggard stocks continues.
TWTR not only held $14, a level we had viewed as "last line of defense" before a trip to single digits, but it is now holding $15 with sight dips being bought.
On the updated daily chart, below, if the Twitter Bird can make another push up and off the well-defined long possible base bottom, especially given the last few day of tight consolidation, a long trade can be viable here, too.
As for the others, Pandora has actually performed brilliantly since May but needs to cool off a bit. LNKD has major issues, still, but over $138 is viable for a quick long.