25th Feb 2012 – Do I get discount buying in GRouPoN?

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
19.60				18.20

 

Reason for Buy / Sell / Short / Cover:

 

1. Quarterly earning already out. It took a dip from its previous good rally.
2. Daily chart shows that it is resting at the tip of the triangle formation.
3. Intraday chart shows that it has formed a double bottom.

 

Lesson Learnt:

 

1. $19.00 is actually the BEST entry point which I don't have gut to get in.

 

Intraday Chart

Historical Chart