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
Take a look at our record on the About Us page. We are in the process of seeding 3 dedicated “follow me” funds –
1. A diversifed yet concentrated Oil Explorers fund
2. A diversified yet concentrated Natural Resources fund and
3. A Special Situations/Global Macro fund.
If you would like details on this unique “follow me” system and how you can gain exposure to these funds ahead of an official launch, email us at editor@spreadbetmagazine quoting “FOLLOW ME”.