I'm not a short or a long. I'm just a trader who makes the smartest play on any given stock I choose to own. At these levels, the pros far outweigh the cons for GRPN, but only if you're willing to take the risk. I seriously don't see a bankruptcy in their near future, and I do think you'll see improvement in earnings over the next year, but anything can happen. We may see a pullback before the end of the year at some point. It might be tomorrow or all this week. It might make a run for $10 before Christmas. The one thing I'm sure of is this: it's in play, now. Big money is playing it, which brings news and attention to the stock, so, purely as a momentum play, it makes sense to bet on it going higher if you bought in the $3 - $4 range, at least over the next month or so. Beyond that, it's anyone's guess. This is a good link: http://seekingalpha.com/article/1025521-6-growth-stocks-with-big-upside-potential
Yes, $10 by Christmas is a possibility. However, I have a very conservative forecast as follows: $5.00 by 12/06/2012.
$6.00 by the day before earnings come out.
$8.00 by the close of the following day.
yeah agreed. I don't think people yet fully realize the importance of Tiger taking a massive stake. It not only gives the stock a bottom and seals off 65mm shares from the float, but is worth the same as 10 upgrades from research firms