Even When You’re Right, It Takes Time

At one point in 2011, shares of Groupon ($GRPN) got as high as $31. But by late July 2012, the stock had fallen down to $6.90 per share.

That’s when I jumped in and tweeted.

The only problem is that the stock kept falling. By November, it hit $2.60 per share. That’s a 62% drop from what I thought wasn’t a bad price.

Since then, Groupon has rallied is currently close to $11 per share. Even if you think you’ve spotted a good value, you’ll never know when your bargain will materialize. Even if you’re right, the ride can be a lot rougher and longer than you think.

big09052013

Posted by on September 5th, 2013 at 12:17 pm


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.