Trade Review GRPN

  • May 20th, 2012
    Trade Review GRPN

    Here is a short trade on grpn we did last week. This stock popped on earnings and immediately started to fade. Once it became obvious via the chart the pop wasnt going to hold we started to look for a setup intraday to short this stock.

    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