SBM SWING LONG CALL ON GROUPON @ $4.62

UPDATE – Right on the turn we seem to have caught it. We are working a stop on this at breakeven now at $4.62

We have just gone long Groupon @ $4.62 reasoning that the sell off of over 60% in the last weeks is nearer the end than the beginning. Coupled with an increasingly attractive price to cash-flow measure we think the odds are skewed in our favour here.

First target $5.50.

2 monthls daily chart

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