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Post by huh on May 5, 2016 8:24:53 GMT -5
Since I expect a 50% bear market pullback to begin after the next S&P all-time high, and tech to be one of the worst hit sectors, I've been searching for the next possible tech version of SUNE. And I think I found it. GRPN. Looking at their chart, I think this will trade up to ~4.40 again, or slightly higher, and then fall to <.50, then perhaps even file for bankruptcy. So the play is short anything ~4.40 or higher for a long term hold, at least until <.50.  |
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Post by novie08 on May 5, 2016 8:32:25 GMT -5
Geez! That's a bit scary to say the least... Powerball now $415 million. Last time I played two tickets, got the powerball only so got my money back. Never seen anyone in a big city win, should drive to Jack's dreaded S.C. for purchase. Predicting much higher since jobless claims are also up.  |
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Post by huh on May 5, 2016 8:40:12 GMT -5
"short anything ~4.40 or higher"
Personally I'd do a half position short ~4.39, then the remainder when S&P is >2138. Set a stop and relax.
JMO
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Post by jacksrbtr on May 5, 2016 9:10:57 GMT -5
Geez! That's a bit scary to say the least... Powerball now $415 million. Last time I played two tickets, got the powerball only so got my money back. Never seen anyone in a big city win, should drive to Jack's dreaded S.C. for purchase. Predicting much higher since jobless claims are also up. Yuh - we tried that strategy when we drove to Texas last month to see the granddaughter graduate from USAF Basic (bought a lottery ticket in Tenn on the way). It didn't work. |
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Post by jacksrbtr on May 5, 2016 9:47:46 GMT -5
Since I expect a 50% bear market pullback to begin after the next S&P all-time high, and tech to be one of the worst hit sectors, I've been searching for the next possible tech version of SUNE. And I think I found it. GRPN. Looking at their chart, I think this will trade up to ~4.40 again, or slightly higher, and then fall to <.50, then perhaps even file for bankruptcy. So the play is short anything ~4.40 or higher for a long term hold, at least until <.50. I guess this means that you don't think many people are gonna take advantage of Groupon's offer to buy their $30,000 3-D printed likeness of themself to give to Mom for Mothers Day, eh? |
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Post by birthmark on May 5, 2016 11:28:49 GMT -5
Love the call Huh!!
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Post by huh on Jul 27, 2016 15:11:23 GMT -5
...GRPN. Looking at their chart, I think this will trade up to ~4.40 again, or slightly higher, and then fall to <.50, then perhaps even file for bankruptcy... Finally, GRPN trading >4.40 AH's. Short it (currently 4.75)!!! |
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