For those who go long on GRPN. Don't buy yet, in the middle of a sell off. Buy in the next couple of weeks when you see big volume in GRPN and a close in the green near day high, while the market is still selling off. Look for this divergence. I say this, as Faber (Mr. Doom) talks of a 30% correction. Well a 45% correction has already happened in GRPN from double top peak over the last year at the 12.50 level. What this means is GRPN has already had the big correction, it leads on the way down and will lead explosively on the way up. I still believe GRPN will spike on earnings May/6 with upside surprise as the new strategy proves out. But this move I am am talking about I think happens sometime before earnings. So watch closely, should happen sometime over the next 15 days, but wait for that buy signal.
Why do you look at the negative side? Look at the positive side. It allowed for folks to make tons of money shorting it. So scam or no scam, it was a blessing that they IPOed. Thank you CEO for going public