YNDX was recommended at $23.92 by Cabot Stock of the Month in the latest Investment Digest, issue 718, dated May 2, 2012. YNDX closed yesterday at $21.82.
“Yandex NV (YNDX), a recommendation of Cabot China & Emerging Markets Report, was recommended two weeks ago at what had a good chance to be a low-risk entry point. Our bet was that the stock’s long downtrend had ended and a new uptrend had begun. But we were wrong, as YNDX fell below support yesterday and continued lower today in the weak market. It’s time to cut the loss short and move on. SELL.”
- Timothy Lutts, Cabot Stock of the Month, May 8, 2012