Yelp Joins the Party

 | Jan 06, 2014 | 3:41 PM EST
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Look at Yelp (YELP). Look at it!

This has been a huge barometer name of mine, one that I have been pushing and pushing aggressively for the last six months and have been confounded by the negative action. When I spoke to CEO Jeremy Stoppelman when I was out at Dreamforce, the festival of all things cloud brought to you by (CRM), I reiterated that this stock, which was in the low $60s, was simply a must buy.

Today it takes off ostensibly because of a recommendation from a boutique firm, but I also think that this one has paid its dues and has, at last, rejoined the social media Internet bull market as exhibited by the action in Facebook (FB) and, until today, Twitter (TWTR).

Who else could join the party? I am still a big believer in LinkedIn (LNKD), the social media Internet 2.0 professional networking site. I also like OpenTable (OPEN), which I think could be about to burst out (thank you Bob Lang for this idea) and let's not forget (PCLN), which has been totally stalled, but now looks recharged and ready to run.

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I reached out last week to my close friend Ken Shreve, who is a prominent writer for the IBD.  I asked Ke...
I reached out last week to my close friend Ken Shreve, who is a prominent writer for the IBD.  I asked Ke...
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