If that's part if your investing strategy, you shouldn't be investing - at all and that's why I'm quitting. I think longs have been accustomed for too long to using chart technicals to trade to determine buy points, but when the market reverses as it has, you're just screwed.
When and if Groupon ever goes up, it will most likely catch everyone by surprise. Trying to guess when hedge funds will strike is just too difficult and I think it's obvious that Groupon is on the bottom of their list right now.
I wonder how that Groupon promo is going?
Historically, Rite Aid has a history of reaching new 52 week highs and then significantly retreating. It happened at the end of 2013 from about 6.15 to about 4.73 and then again from 7.05 to about 5.83.
When we hit a new 52 today, I figured it was time to finally leave due to the negative conditions in the market. The ongoing lack of investor confidence is what worries me. Hope you guys have as much luck on this one as I did.
Everyone is getting crushed - mostly momentum plays from 2013. Solar, Social Media, Biotechs - anything that made significant gains last year.
I think groupon is going to be a play on earnings, but after that I'd expect a sell-off. Market confidence just ain't what it used to be.
Did a little portfolio reallocation so I could buy some Facebook yesterday. Hopefully the market correction is over?
Good luck trying to time the end of the market correction. I'm currently 80% on the sidelines until we have an actual good day in the market. I don't even mind paying a little more after the pop - there's plenty to choose from out there besides Groupon that looks even better.
I think it's going lower tomorrow unless we have some optimistic news to pump up the market. This isn't looking good for anybody, except the shorts. This sucks.
Heard that one before. I'm not sure how many "legs down" we are currently at but it's been enough to lose track. Hope you have better luck in your purchase than most of us did - trying to find the bottom on Groupon has been very costly.
Personally, I think investors should consider waiting on the sidelines until the Nasdaq can go up and maintain a gain of 50 before jumping back in. Day traders are beginning identify and trade the daily trend, which for the past few days has been a slight increase on the open and then a sell-off following the first half-hour of trading. It might also be better to wait for the Nasdaq to test 4,000 to see what happens next.
Hope you guys are staying above water elsewhere.
Yeah...but everything is looking oversold now. I really thought the promo campaign would give us just a little traction today.
Sold back in the 17's when it looked like there was no hope was in sight. But after purchasing a few more PS3 games, I always find myself coming back to GTA Online. For some reason other games just don't hold my interest for more than a few hours like GTAO does (and it gotten to the point where I feel like I'm wasting my money playing anything else). They finally penalized the cheaters and evened the playing field for honest players and since then the stock has been up.
For improvements, I think they should restrict mission replays to a 10-15 minute period since it makes it way too easy to quickly earn cash. For example, too many people are using the "Rooftop Rumble" exploit that is diminishing the longevity of the player experience.
Even I almost sold the ship today. However, since yesterday our chances are significantly higher. The ad campaign starting next week to re-educate the masses on Groupon is our last chance to get out of the red going into earnings. If it works anything like ad campaign that Sprint ran last year at around $6, we'll be OK.
Groupon, the online discount company, is launching a TV ad campaign in Nashville and five other selected cities next week to help market its new business model and draw consumers to its expanded deal offerings.
The Chicago-based company launched with the concept of offering group discounts for consumers to use at local businesses, and daily deals were pitched through email. The company soon sparked a host of competitors, and found itself struggling to grow in a crowded marketplace. The company has since evolved into a mobile app and desktop site allowing consumers to search among a wide selection of deals both locally and globally and the ads are meant to spread awareness of its transformation.
"We felt it was as a great opportunity to really reeducate our customers about what Groupon has to offer," said Groupon spokesman Nicholas Halliwell. "We really want to emphasize to consumers they can pull out their smartphone wherever they are when they are looking to do or buy just about anything, anytime, anywhere."
"Don't sit back and wait for it," the advertisement says. "Check Groupon first."
The seven-week advertising campaign comes as the company seeks to recover from a difficult first year as a public company, when share prices plummeted from $26 in November 2011 to below $3 in October 2012. Groupon has introduced new features, made acquisitions and adjusted leadership, as it has moved away from the daily deal model. Shares closed Thursday at $7.98.
Nashville and other markets – Atlanta, Buffalo, Detroit, Minneapolis and San Francisco – were chosen based on their geographic diversity and the depth of Groupon activity in each market, Halliwell said.
Nashville "has had a very large selection of deals for some time," Halliwell said. "From the business side, we have a lot of offerings to choose from in Nashville so we really want to point people to those offerings. From the consumer side, Nashville's demographics really represents a great mix for us to test the ad.
You do understand that you're wasting your time right? Constantly trying to pitch the idea that Groupon is a terrible company...why bother with the repetition? The only people that read these comments are either bored out of their minds and the people that use these fact-less comments as part of their "due diligence" are morons. You're trying to convince morons to make investment decisions to suit your own personal interests...good luck, but most people would just rather go with their own intuition and don't need someone to constantly remind them that they made a wrong decision.
If a complete stranger came up to me and told me "You need to trust me with your money" I'd politely tell them to go F themselves. I don't see the difference here.
Huge threat to the business model? Ok, let's go over the LiveDeal business model:
It's an unorganized mess with no "search" features to quickly find restaurants. Only four cities with very limited exposure. Also, what's to stop businesses from taking the discount proceeds themselves and putting them in their own pockets (LiveDeal's commission) ? Think of Groupon is a "middleman" to providing the consumer the discount (which equals profits BEFORE the deal is used) while LiveDeal is using the honor system with businesses to promote their deals.
If I were a restaurant, I would simply just give the customer the discount "in-house", forget giving LiveDeal the commission fees from the sale, and take advantage of the "free advertising" to those that see it.