(1) A reliable report states that 91% of the outstanding shares are owned by institutions. They are in it for the medium to long haul and to make money, not lose money by selling every time there is a short-term down move.(2) GRPN IPO was at about $30/share. Isn't $5.86 low enough to entice value investors? I think so. (3) If it goes down into the low $5 dollar range (e.g. $5.30), then begins a long-term rise as its business starts to cook, so what.I will hold on and see what happens and expect a lot of favorable announcements over coming months. (4) GRPN is an investment for several months to 2-5 years, depending on where you want to exit.
Wasn't the same business characterization said about Amazon? How could Amazon go up against Barnes and Noble and Borders (now defunct), and attract buyers from Walmart and expect buyers to wait for delivery? Amazon stock has risen many fold although they also work on a thin profit margin. Once GRPN gets its stride, it will be a hugely successful household name and very profitable. A well thought out merger partner would have a worldwide presence and tremendous potential. I don't think this will be dead money for very long.
It would be amazing to see GRPN languish below $6.00 per share,when it would be a buy of a lifetime for numerous big name companies,which would raise their company's revenue into the stratosphere:Google,Amazon,Walmart,even Facebook could enter a whole new market place and huge revenue stream.I don't know where the bottom is for GRPN, but I would rather be in and have a paper loss,than be out and lose the potential for a very profitable buyout or merger.
Groupon coupons has central listing of coupons from every major store in one place. Groupon Goods is undercutting Amazon and Walmart on some items. On Deals it lists Amazon Kindle Fire HDX 7" 16GB WiFi Tablet for $179.99, which is $229 on Amazon. Looks as if a buyer will only need to go to Groupon's websites for best prices even from other stores.
A BUY rating with a target of about $9 came out a few days ago. Oftentimes when an analyst puts a buy on a stock, it sells off. People buy on the analyst's buy rating and big players push the price down. GRPN stock price has dropped more than enough since its IPO and has a compelling story for significant success. Put the shares away for 6-12 months and don't watch day to day moves. They are in tens of millions of email inboxes every day and will soon rise significantly over a prolonged period of time.
Sentiment: Strong Buy
The price range is irrelevant. It is the price movement and percentage change. You may remember this stock was down to 98 cents not long ago, then finally touched 1.30 and backed off to 1.19 today. If there was consistent buying, it would remain in the 1.20s. CVM is one of the most manipulated stocks in the low price arena. Unless they announced talks with a major drug company (e.g. Roche, Lilly, Merck), then all we will see are monthly enrollment numbers. And, as you can see the stock price gets very little bounce from such announcements.
Up to 1.30, now 1.19. What a performer. Please Sir, may I have some more? We want 98 Cents, the sooner the better. Let the Mafiosi financial hit men have their fun.
Sufficient negatives might achieve critical mass and the contrarians will move it up. I don't think serious investors pay any attention to comments on this board.
Yes, the Mafiosi financial hitmen are at it again today. Up 7 cents, now down 4 cents. Every time this stock rises a few cents, the financial hitmen slam it down. Maybe we are soon back in the teens again, and then down to 98 cents. Who needs Disneyland when you can ride this #$%$ into armagedon.
Up to 1.30, now 1.24. Typical CVM gar-bage. It's probably a good time to announce a huge secondary offering which will dilute the stock down to nothing. Way to go SELL-Sci.