Lazy Trade Long and Short: YELP & BRO
Here's my long and short idea for today - Yelp Inc. (YELP) which went last week from being decidedly bearish to optimistically bullish. The other is Brown & Brown (BRO) which I shorted for much of August while the market moved higher (but the short trade did not follow one bit).
This time BRO is setting up again, and if the last time I traded this stock was any indication, it makes for a GREAT hedge against your long positions.
Here's the lazy trades long & short:
LONG: Yelp Inc. (YELP)
SHORT: Brown & Brown (BRO)