You Can Profit from Groupon's Desperate Big Move

Groupon Inc. made a huge splash when it debuted back in November 2008. Its timing was right on the money: It was a big, new money-saving "get coupons on the Internet" idea that hit consumers just as the worst effects of the 2008 crash were beginning to set in. The very first deal it offered was a pizza twofer at the Motel Bar, a restaurant downstairs from the Groupon offices in Chicago. When GRPN stock went public in November 2011 at $28 a share, it was - no kidding - the biggest Internet IPO since Google. It ended its first trading day worth a little more than $16 billion. The stock went ballistic for a few months, up to an intraday high of around $622. The good times, as we know, didn't really last all that long. Last week, I was talking about shopping with my wife, and she said, "Hey, remember Groupon?" That's kind of the problem. And today, I'm going to show you how to make some money on GRPN's downtrend... Full Story The post You Can Profit from Groupon's Desperate Big Move appeared first on Money Morning - We Make Investing Profitable . That's kind of the problem. And today, I'm going to show you how to make some money on GRPN's downtrend... Tags: trading strategies To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2020 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.