My MVP Big Board pick is GRPN. Last trade $4.75.
Post# of 98052
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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