Russian Billionaire Bets on Yelp stock crash ahead of earnings. One of the largest short positions in the market against Wall Street investment houses. Nikolay has been short Yelp stock since the nineties. He reiterated Strong Sell rating on shares of Yelp ahead of earnings.
Yelp might be condemned to disappear, says Eric Schumann one of our trading algorithms engineers. Nikolay and more than two hundred investors are short Yelp stock according to Vieira's guidance - make your first million dollars in the markets
Vieira opened permission to use Perelman's algorithmic trading on Yelp two minutes ahead of the company reported earnings.
Nikolay became one of the largest shareholders of GoPro after betting on its crash. He guarantees that a handful of Russian millionaires bought GoPro shares ahead of earnings following his lead. Learn how this smart investor helped a common investor making $400,000 in the markets.
Nikolay also opened short position in Apple as of today at $131.4 betting on a sell off despite Apple stellar earnings and Wall Street upgrades. Apple shares closed the day at $128.5 representing a huge profit to this Russian billionaire investor.
Nikolay main top short pick in the U.S stock market is Wynn Resorts (WYNN). He has been short Wynn Resorts since $240 naming it an American bubble stock.
Yelp Inc, the operator of consumer review website Yelp.com, posted lower-than-expected quarterly revenue, sending the company's shares down 15 percent in extended trading.
Yelp's net loss attributable to common stockholders narrowed to $1.3 million, or 2 cents per share, in the first quarter ended March 31 from $2.6 million, or 4 cents per share, a year earlier.
Revenue rose about 55 percent to $118.5 million.
Analysts on average expected the company to report a profit of 1 cent per share and revenue of $120 million, according to Thomson Reuters