NEW YORK (Real Money) -- So they are going to make a stand today. Morgan Stanley is trying to start it with the Hold-to-Buy upgrade on Yelp (YELP - Get Report) and the Sell-to-Hold on Twitter (TWTR - Get Report).
I think it is well-timed. Twitter hit my downside target yesterday of $29, and I am not going to say that I still hate it as much, because I am sure there are companies that will begin to actually think about buying Twitter if they can figure out how to monetize it. Remember, Facebook (FB) agreed to pay $19 billion for WhatsApp, and that company had little revenue. I think that Twitter could be worth the same amount, which is $2 billion more than where Twitter shares are trading. If the stock goes down another $4 or $5 and stays there, it isn't unthinkable. I do not think Twitter is a great short anymore.
Yelp's down to $3.75 billion market capitalization. I can see Yahoo! (YHOO) or Google (GOOGL) paying that price for the company if the stock keeps dropping. Again, I now think that stock is a bad short. It is soon going to be too valuable to someone else.
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