After selling out of UGAZ this morning for a nice win in two days, I sold NILE for a small win and CRS for a small loss inside 12631. My LOW short is finally waking up, though I am not adding to it yet due to light sell volume.
LULU SODA are still sporting bear flags, while IBM HPQ showed some decent relative strength today. Overall, the momentum darlings in the tape are clearly seeing some heavy selling, including SCTY and a chunk of the solars.
The recent rallies in MCD UNP are a bit suspect given the damages those charts have sustained, so I am watching them for a rollover now.
Twitter is slowly pushing higher this afternoon, and GRPN reports after the bell.
Who is gambling on coupons? Tell me your bets…
See you after the bell on my video market recap.
GRPN’s customers give up 75% of revenues in order to get the cheapest customers on the planet to buy their product/service. Groupon is relying on self-selected bad businesspersons – not a sustainable model.
Shorter-term, I don’t have a clue.
Hah same here, thanks purdy.
Astute comment, Purdy.
I’m pretty happy with that video.
sweet vid
Early-90’s hip hop FTW
in a downturn economy people will be relying on groupon more than ever
Ah, counter-cyclical play?
The stock is so hated….it probably pops.
Probably so
Thanks you for this comment. I bought because of this.
GRPN 12% dumpage right now. How cliche. Thats what all the kids are doing these days. Like Members Only jackets.
Members Only Jackets!
Ya better daaaable check dat my friend.
chess, GOOG and CTXS look like they are going to fill their gaps, what thinks you?
I want ibankcoin members only jackets! RC lets do this! Haha