It's been pinned at 5 within a 3 cent range for a few hours. This is the 3rd day of heavy selling wherein this POS has lost 1/3 of its value.
Got to be near a short term bottom. I really can't see it going all the way to 4.
$330m in annual free cash flow. $390m operating cash flow. $700m in equity. Most stocks are priced at equity + 10yrs of operating cash flows. You can place a premium on valuation if high growth. I'm buying for all the reasons I just mentioned, as GRPN is finally a compelling buy.
And that is precisely the question! Yes someone is obviously buying, but given the verocity of this along with all of the hype before it seems like this is being setup for a rip your face apart move up.