Mobil commerce is the next way to retail. All young people buy things this way and all will over time use it even more. That is why we see the high stock multiples on Amazon and Priceline. Amazon and Priceline were once considered worthless, now look at their stock prices. This is the beginning of GRPN to get a piece of this exploding market and they are having great success. They have the platform, ideas, management and cash to make this happen. Anything below the $17 IPO price is a buy on the prior free investment and unlimited upside. Forget trying to trade this as it will move day to day but over one year time, will hit $20 so hold on. GRPN already in 2011 had a buyout offer from GOOG. If GOOG revisits that strategy the buy out, given their stock price appreciation will at least be $20 to $25/share. GRPN has over 50 MM customers and growing! Also a very attractive company for FB that is trying to ramp up in the mobil markets!
I agree, but for the mean time pull back is imminent.. Got fund manager who got caught shorting the stock.. Now they are driving it down so they can get a break even.. Will see a continuation on next week.