• Investanomics
    The GRPN trade is now up $2.50,I'm moving stop to at least breakeven after this much of a move. target 1 $23.40 target 2 $24.90
    12/8/11
    Reply (6)
    • Mazen Abdallah: The move has been quite volatile today. Currently off $1 from its high.
      12/8/11
    • Investanomics: Yeah, It's not uncommon to see alittle pullback after such a sharp move this morning.GRPN needs to close above $21.70 today to stay bullish
      12/8/11
    • Mazen Abdallah: Agreed
      12/8/11
    • Investanomics: Target 1 hit, booking $3.70 in profits. stop on rest $19.90
      12/9/11
    • Mazen Abdallah: Great Job, I personally think Groupon can move up to circa $28 with a broad market bull, but it will have a significant pull back afterward
      12/9/11
    • Investanomics: Thanks, Yes, it could run into some resistance in that $27-28 area.If it tests $27 next week and holds above $25,I'll look to play next move
      12/10/11