Outlook on GRPN# Stock
L*n
1 楼
since many had followed me on GRPN and recently suffered big set back if you
bought in after last breakout. I just want to briefly follow up on it. I'm
long GRPN, and have told people to hold on repeatedly. Here is what i see
coming up for GRPN.
This is the 1st stage base formation rather than a simple correction as i
originally anticipated. both depth and length are much more severe than a
correction. however it also means the future upside is much higher once it
emerge from this base, could have a few months long rally, and another stage
and may become a cult stock that everyone chase after once it make it back
to IPO level or all time high. so be patient. I don't think this ER will
propel it to new high right away. most likely it's going to run up after the
ER crowd settles.
I shop regularly on GRPN, many stuff sold out. They are also getting more
stuff that's up to date rather than just be a clearing channel for outdated
mechanizes. That means they are gaining traction from distributor. That
should improve the margin as well.
bought in after last breakout. I just want to briefly follow up on it. I'm
long GRPN, and have told people to hold on repeatedly. Here is what i see
coming up for GRPN.
This is the 1st stage base formation rather than a simple correction as i
originally anticipated. both depth and length are much more severe than a
correction. however it also means the future upside is much higher once it
emerge from this base, could have a few months long rally, and another stage
and may become a cult stock that everyone chase after once it make it back
to IPO level or all time high. so be patient. I don't think this ER will
propel it to new high right away. most likely it's going to run up after the
ER crowd settles.
I shop regularly on GRPN, many stuff sold out. They are also getting more
stuff that's up to date rather than just be a clearing channel for outdated
mechanizes. That means they are gaining traction from distributor. That
should improve the margin as well.
