Tuesday, August 14, 2012

Groupon - Horn blows

I started rabbiting on about how overvalued this stock was at the start of the year, when the shares were $17.90. The shares swiftly fell to $9, a price at which I figured it might be wise to lock in the theoretical gains. Well, I've just checked the share price and it's trading at under $6 a pop.

Facebook is also down a third from its IPO price. Somebody's passed the sniffing salts under the market's nose.

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