The deal is OFF, yet BOTH stock prices are going up?
LOL How can that be?
This deal being called off is definitely good for one company and bad for the other. The question is, WHO is it good for and WHO is it bad for?
I honestly don't mean to come off as a basher, but Pandora is probably the biggest house of cards on Wall St. right now. With ZERO profit, they have increased roughly 500% in just the last 20 months.
Why anyone would "get in" at these numbers is bizarre. Eventually this stock is going to go off a cliff, so much so that it will make JCP's slide look like a blip.
The only reason Pandora is doing so absurdly well in spite of ZERO PROFIT, is the stock Gods punishing SIRI holders.
Wow, if you don't know the answer to THAT, especially as it relates to a fad stock with a VERY fickle fanbase, you're in the wrong market. Try a supermarket. It's more suited to someone with your depth of knowledge and intuition.
Shorting that same fad stock AFTER it just dropped over 20%, is a clear indication that you don't understand these situations very well. Your lesson may end up being quite expensive.
The only thing I get out of increasing short interest is the realization that more and more shorts are gonna need to cover at some point. They've already negatively impacted the pps, now they're forced to help it.
The 6-month chart of GRPN displays the clear development of the fabled "triple reverse duckbilled pitcherspout candle". What this means for GRPN investors is this:
There will be a short double top, followed by a triple double bottom, unless one of those bottoms dips below $8.06, in which case you can forget about a deep pitcher-spout in the next 4 weeks. If that does happen, you can count on the candle reversing, bouncing GRPN between $8.19 -$9.04 for about a week or so. This would be an ideal time to take profit before the double top-pointed-duckbill curves around forming a week-long dip that could put GRPN back below $8.
If that happens, it is likely that the triple candle reverse was ignored by the MM's in spite of retail investor sentiment, causing the rare double-back dipping cowbell, which may actually and counterintuitively, cause a spike up over $9.25. This is not likely, but keep your eyes open.
If the cowbell should appear, it may be a sign that a double reverse duckbill could be further away, allowing for more time to consider adding to your position or taking profit.
Why? Maybe because it's not going to go up 20% in one market session.
I bet you said the same thing when Pandora bounced from low 7's back to 8's, right? Oddly, it's bounced all the way into the 30's...still with ZERO profit!
Stop making predicitons on fad stocks like this. They often are erratic and don't perform based on real-world metrics, good or bad.
Anytime anyone points to this or that analyst who's saying GRPN has no profit, has a bad business model, investors will continue to abandon, etc. etc. etc......just yell PANDORA! That POS has had ZERO profit in TEN YEARS, yet has increased 500% in the past 18 months! It's about the FAD, not the profit.
Take solace GRPN holders. GRPN is a better business model than Pandora, but just as much a fad stock.
You'll see a nice bounceback soon. Guaranteed.
Anybody who doesn't think this is now oversold and primed for at least a partial bounceback is a noob.
As usual, once the weak have been shaken out, they'll be sick to their stomach at the money they bailed on. If only they'd been more patient than scared.
The 1Y chart on GRPN is the classic stegosaurus. This means that as the days progress, we will see the rest of the spiked back form, then the head, and finally the mouth...which will devour all shorts before they know what hit them.
Wish I had a nickel for every stock that had a "consensus" price well below the current trading price. The only people who pay attention to that figure are bashers and pumpers, depending on whether their argument is helped by it.
The same reason why people short an already cratered stock and then get buried on a predictable partial rebound.
I don't care how good or bad you think GRPN's prospects are in the future, you'd have to be incredibly naive to not realize this is good for at least a 5-10% rebound next week---even if only temporary.
I do not believe it'll touch 10 again anytime soon, but it'll hit 9 or even 9.50 before Friday next week. Very common scenario.
How seriously can we take the opinion of someone who doesn't know something as elementary as "resistance" refers to forces holding back gains at a certain pps. SUPPORT refers to the forces keeping the pps from sinking below a certain point.
You cannot be this dumb, can you?
Share price means NOTHING. It's about market cap and profitability.
Pandora's market cap is a fraction of SIRI's. And Pandora (after 10 years) still has ZERO profit. ZERO. While SIRI is a cash cow.