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Groupon (GRPN) +7% premarket after an upgrade to Buy at Sterne Agee. "We have greater conviction...

Groupon (GRPN) +7% premarket after an upgrade to Buy at Sterne Agee. "We have greater conviction in the company's ability to evolve beyond its current business," says Sterne's Arvind Bhatia.
Comments (4)
  • Paulo Santos
    , contributor
    Comments (17171) | Send Message
     
    A short squeeze had been brewing there for a while, it was too obvious a target, it seems.
    13 Feb 2013, 07:59 AM Reply Like
  • Ron Reed
    , contributor
    Comments (275) | Send Message
     
    Agreed, now lets see how many get flushed and how many add to their basis. Not being sure when it would come, I pulled a Mar strangle on them awaiting earnings and market reaction.
    13 Feb 2013, 08:17 AM Reply Like
  • pman6
    , contributor
    Comments (270) | Send Message
     
    Still the same crap deals. Why would anyone think anything has changed..
    13 Feb 2013, 08:56 AM Reply Like
  • IntrinisicWill
    , contributor
    Comments (13) | Send Message
     
    The trading pattern of GRPN today shows the market is still bearish on the stock. There were three run ups throughout the day with each of them spiking down. In regards to this news release, I think it is old news, the matter of the fact is whether GRPN can in fact compete in a lower margin business as it diversifies itself from its higher margin merchant business. With relative growth slowing and margins being compressed, I am taking a small bet that the company will not be able to support its high margin business.

     

    (Disclosure: Long March 16 2013, $5.00 Strike puts)
    14 Feb 2013, 02:25 AM Reply Like
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