Groupon, Inc. (GRPN) Message Board
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Red by 10 am - deep red by 4 pm
Bankruptcy just around the corner.
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Guess I was wrong!
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Two huge gaps above sell big time!
Sentiment: Strong Sell
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I am very bearish on this stock, have shirted from about 25 down. In theory you would be correct, but there is undue influence from orchestrated privates and institutiona' s which have been keeping the door open for trading out cheap positions acquired over the last six months. Yesterday between 3:56 and 4:00 3.7 million shares traded, 4 trades of 500,000 shares in that mix, yet the price vacillated only 3 cents. That's a flag, because crossing that amount of stock on a downdraft should have tanked the price. In a word---manipulation, and I guarantee it did not go unnoticed. Your short will come, be patient and look at changes in ownership--GOOD LUCK!
Sentiment: Strong Sell
- 2 Replies to sjtopt1
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Wrong, this is publicly traded company and in case you did not know GRPN has no Debt and a large cash postion. Stock will recover when GRPN will post the new CEO.
Sentiment: Buy
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You have done your homework sj....best of luck to you!
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