Gotta rep this post again. Actually there is some support here at 585 so it might bounce a little, but clearly this was spot on.
Did something incredibly stupid last week and invested in Groupon. Do I cut my losses now (down 20%), or hold? Thoughts?
Groupon is not only part of the overhyped and overvalued social media bubble, it is also a ponzi scheme on top of that. Be thankful it is not down 90% yet.
Groupon's only hope is that someone buys them out. But Amazon already has its deal with livingsocial and google is already field testing their own version of groupon. So yes I think its a dud. Barriers to entry are so minimal in their business. They cant survive forever.
NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOoo why did you do thissssssssss! You should probably hold for the market to pick back up before you sell it, but there is only one direction that groupon is heading. I don't know if their only hope is for groupon to be bought out cuz if anyone buys them out they might as well flush that money down the toilet. All these deal sites will either have to be revamped or they will eventually go away. They need to have a deal were it is like if you visit this place so many times you get this discount, you bring friends you get this discount. I dont know something to make them have returning customers and not just deal seekers.
I trade for myself. I don't have a job I have to go into. I am professionally licensed. I have no clue what I am going to do now, but I did just buy a 2nd UPS store out in Lakeway, TX. Maybe looking to expand to a 3rd one later this year or early next year. As I said in another post I'm thinking about going back to school for math and physics, but that would just be for personal interest and not for professional reasons. I don't hate trading or anything. It's just kind of faded away from being the thing that my life revolves around.
Investors why is AAPl stock skyrocketing I'm trying to convince myself to buy it after a 10% recent decline, but looking at the numbers is this a stock that just blew up with iPad 3 release or is Aapl really the next big thing ESP with stock buy back of $10b from apple and a dividend for the first time. I wanna go long but I hate buying a stock at near it's all time high. Fwiw won't be more than 10% of my portfolio if I choose to buy tom
http://bbs.clutchfans.net/showthread.php?t=149250&page=245 4,888 replies, front page i hope this helps
Damn, I wish I would have bought some more AIG for Christmas like I thought about doing. Up around 40% since January...
This pullback in aapl should lure in the last of the suckers. I would short a break of all time highs at around 650.
