GROUPON AND ZYNGA CHARTS ARE A LIKE SOME MANIPULATION BEWARE!!!!!OF THE HEDGE FUND CROOKS!!!
I think you are correct on this point. There is definitely money to be made on the long end of this trade, so long as you "sell too early." I just don't like the risk/reward relationship. There's an awful lot of greed on the board, and not enough fear. I find extreme irony in that sentiment, as so many people have been wiped out by this fraudulent stock. A run to $3- or more would not surprise me in the least. It will not ruffle my feathers. I'll be stopped out at $3.50, should it move that high. Patience is critical, and it is not in the blood of the day traders. They are essentially the same folks filling the Indian casinos out here in California. It's all about the action baby.
I'm talking my text on a mobile so this may get sloppy ... I just want to say that you're one articulate SOB ... I really think you should consider changing sides ... Why would you stay short a stock that isn't even a dollar above cash profitable and has an exciting new business model starting next year
bluesky - I agree that Odonnell is an unbelievably articulate SOB- by far, the most articulate I have ever experienced - and I've (sadly) been on these boards for 15 years.
Odonnell is also spot on when he points out the horrendous characteristics of the despicable Mr. Pinus, who will hopefully be locked away in the pen over in Lompoc Prison shortly after his return from the family channukah holiday trip in Tel Aviv where he banked the $200 M he cashed out 7 months ago. The new head of the SEC, Elisse Walter, is not a tribe member and thus should have him indicted by early 2013!