Groupon needs a Groupon for an accountant

Anytime you see an accounting scandal from a company thats reporting earnings for the 2nd time in it's history, you run... and run far away. I was just imaging getting an email in the morning from Groupon for an accountant... how ironic would that be?

Groupon (GRPN) reports earnings after the bell, and we have positioned ourselves with puts. The stock ran nearly 20% as folks are banking on a strong quarter. But earnings can be short lived, whereas scandals have longer memories.

Time will tell, but we think it will take sometime for Groupon(GRPN) to revisit it's IPO price of $20.

Profile photo of jimmybobJimmyBob (Scott)has been trading equities for over 15 years, a majority of which were OTC micro-cap stocks. He started trading high risk stock options over the past 7 years, and has proven winning trades in excess of 15,000%.

As one of the Co-Founders of optionmillionaires.com, Scott enjoys sharing his knowledge with other investors through timely blog posts, daily watch lists in the forum, weekly webinars, and helpful advice within the chatroom.

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