- May 20th, 2012$GRPN Trade Review – Shorting Earnings Breakdowns
Here is a short trade we made in $GRPN last week. This stock popped on earnings and immediately started to fade. Once it became obvious, via the chart, that the pop wasn't going to hold we started to look for a setup intraday to short it.
We entered at $13.69 and added more to the short at $13.61, covering our shares at $13.18 & $13.08. We then reshorted the stock at $13.05 and covered our shares at $12.51.
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