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Investors Hangout MVP's
Posted On: 08/19/2012 4:32:30 PM
Post# of 99221
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Posted By: RobInvest

My MVP Big Board pick is GRPN.  Last trade $4.75.  Groupon was hit hard this last week after a bad earnings report and outlook.  The stock finished Friday down 5%, bouncing off its 52-week low.  I see  this as a bottom bouncer (check that low bouncer as the bottom may not be in, hence the reason I am not long on GRPN) and trade.  This may not be the best time to open a long-term position in this stock, but it should be fine for a trade.


I still would keep SVU on watch as well.  At any point they could receive news of selling some of their debt-riddled assets, which will boost the stock price tremendously.  Further, it is trading in a channel, which is good for a buy low sell high strategy!  Just figure out the indicators for that stock and you should do well trading it, but the long-term potential is their if they can reduce some of their debt.  Good luck this week all.  I hope my GRPN pick does well!  Let's make some money this week!


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