I actually hope it drops more to get some with a $6 in front of it. This is my first RAD buy since I sold 5,800 shares at $8.65 on the day the deal was announced on last Oct 27th. I know RAD had shaky results recently and the deal is still up in the air but I'm buying hoping it does happen.
Wait until the dust settles usually about 3 days possible average down with small buys at different levels. Be patient we may be beginning the Sell in May but you never know if a buyout comes in time since the stock is cheaper now. If Alibaba had any intentions of buying GRPN you can bet they are paying attention now.
Because they can be blinded by the momentum in a stock figuring their business is doing well. Leon Cooperman I believe is still in GRPN and he has been singing it's praise for awhile. It's not about corruption it's about whether an investment is truly a good investment. Groupon's business is like a commodity now with competition more abundant and shares are being punished today because this CEO who had seemed to had turned things a bit lost sight of one thing the Street is watching and that is spending. If he spent on the business abroad it did not work because that business did not do well. Have no fear WS will start a buyout rumor again real soon and shares will be back at $4.20+ again
This may soon become a back half of the year play like much of tech sometimes is. However so many analysts are just reactionary to when a price target is hit. This upgrade possibly should have came closer to $10. Analysts are all now piling on with energy target bumps. They could not wait to downgrade 4-5 months ago now they cannot wait to upgrade many of those stocks despite many still reporting losses.
After the poor jobs number and revisions of -59K jobs the prior two months. Bad news is good news once again party on with the Fed. If Yellen does raise in June this market has not factored in a raise at all we will see a swift correction. On the other hand she will use this number today as cover to do nothing despite all the tough talk from the Fed Heads. The market believes the punch bowl will be hanging around.
Did you read about the loses tripling from overspending and in line guidance going forward? From a stock that ran from $2.15 to over $5. Did you listen to the CC? Weakness abroad outside the US....where's the growth? This service is now a dime a dozen with competition. Shares will recover some later I believe this is about where they were before BABA and others invested in it. Have no fear WS will start another takeover rumor since many big boys are taking a big hit today.
What may actually help the stock is the small float other than that this has the taint of Lumber Liquidators all over it and those share went from the $60's to $10.01 eventually after their 60 Minutes story. What's crazy is the sleeves would fall off.
I have no agenda I am not in GRPN in any form as of now so I am actually one of the very few here that is not pumping his own position. I was hoping to get long near $3 it looks like maybe that won't happen. But let me remind you since you seem a bit angered by something possibly that something was when I pleaded with longs (maybe you) to sell over $5 and the high $4's and said shares would head back towards $3....Guess what I was right.
Misses are usually not one day events like I said earlier managers will lock in the gains they still have on GRPN for a bit longer. This earnings release has taken the wind out of shares for now. Of course they will be now a better take out candidate at this lower price but you cannot bet on that for now since we have been hearing that for much of 2016.
I was kind of right for now on Thursday like I said I was out of DVN early a$1.60 higher than the closing price. I did buy it once more $30.94 out $31.24. Energy I still believe may have run too far too fast across the board in a few months. I think markets may struggle Friday no matter what the jobs number is. After the ADP and weekly numbers I think it comes in shy of the 200K estimate. Holding MRO for that L-T may get you a double or more when things get better for oil eventually.