Next two weeks will be very good for GRPN longs - record earnings/profitability - $12 by August
GRPN has plenty of room to run. This is the quiet before the storm. New CEO announcement. Record profitability as marketing costs continue to decline. International doing better than ever. Increased revenue as a result of industry consolidation. New tools/business initiatives to further strengthen the top and bottom lines.
Just a heads up, to track how GRPN has been doing, use a third-party independent web-traffic analyzer. You will see that web traffic is down substantially yoy. It actually bottomed and lingered there throughout the duration of Q2 2013. So I don't know what you guys are expecting, but this seems like an easy short.
In order for there to be a short squeeze, there has to be a lot of short interest. With 660M shares o/s and 33M shares short, that's less than 5% of shares short. If you want a squeeze, look at EBIX, VRA, LQDT for short %s in the 20-30% range that haven't been squeezed yet. Don't expect a squeeze with GRPN.