So I don't have a crystal ball but I'm pretty close. Groupon went under $3 dollars a share which I said it should go to $5 bucks a share.
I would not short it at this point, as one of the behemoths will most likely buy it up, ebay or google.
I hope you enjoyed this one!
Another great short in the future will be facebook, its way overvalued and should go down to $10 per share in the future.
Groupon went from a top at $31 dollars a share down to $2.60 a share.
That's a whopping 91% reduction in stock price. OUCH!
Please do you own due diligence when buying and selling securities on the stock exchanges! :)
Cheers!
SL
