Monday, May 14, 2012

Groupon Rallies Big Today

I didn't see this coming. $GRPN up huge today and then again after hours on earnings and forward projections.

Yeah, 50% off on a day spa massage leads to big returns.

So the stock rallied 19% during the day and about 12% after hours last I looked.

When I heard that the company was reporting today, my first thought was "Look out below!" Yeah, contrarian alert. The exact opposite happened!


Groupon jumps 12% on narrowing losses
CNN MONEY | MAY 14, 2012
Groupon reports a narrower loss, better-than-expected sales and an optimistic outlook, giving investors hope that the worst is behind the company... Read more

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