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Goldman Now Selling Groupon To Clients Whom It Tells To "Buy" With A $29 Limit
As has been demonstrated time and time again, anyone wishing to make money should allign themselves with Goldman's flow desk, which by definition does the opposite of what Goldman's clients are doing. The most recent indication of this came last Friday when Goldman told clients to sell buy European banks to entertaining results. Today, we get the latest Stolpering, following Goldman's all too glaringly obvious initiaition of Groupon with a "buy" and a $29 price target. From the reprt: "We are initiating coverage on Groupon with a Buy rating and a $29 12-month target. We view Groupon as the key to unlocking the massive local advertising market with which the Internet has long struggled. We believe the size of the addressable market (conservatively the $100 bn local advertising market, but potentially over $10 trillion in global advertising, goods, and services markets), new business models like Groupon Now! in mobile, and the advantages of scale more than offset the considerable risks from competition, margin pressure, and deal fatigue." That's sufficient, we get it...
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This is called pissed off client demanding research support...They want to be in the Golden Turd Ball...
Just look where research teams are located. Most have been never more than marketing tools for the sales desks. That GS is so bluntly using them for steering flows benefiting their flow traders (which are essentially their prop traders, since prop desks are mostly closed by now), that's really a piece.
Anyone who follows the leads from research teams of banks, stupid you. Fooled you once, blame them. Fooled you twice, blame yourself.
Well looks like even their clients have learned the lesson: Groupon currently down 7%
I don't think anyone really trusts the squid these days..
Price targets are fine
people miss targets all the time
http://www.youtube.com/watch?v=2jorzSPYTQc&feature=related
I agree, like housing...
The banks get to keep the value of homes on their books from the peak of the market.
The home owners get to deal with reality.
Price targets on coupons though, that's just silly.
Use a coupon and buy it cheaper.
http://vegasxau.blogspot.com
itunes.apple.com/us/.../extreme-couponing
There's an app for that. And it's free. No IPO or anything.
Fuck me! What kind of multiple could we get on our paperboy that delivers pounds of coupons every morning?
Got in-n-out the first day, dumped it at 30 1/2. I'd like to know the poor sucker/bot that bought that turd at 3pm over 30. Gropeon-Gropeoff Bitchez..
bet they had a buy on first solar too
and vonage too.
I am waiting for Robo's recommendation before shorting.
Goldman = dogshit
Groupon's share of the market is decreasing rapidly every month.
Aug 37%, Sept 33%, Oct 30%
This thing is toast for many reasons..wish i could find some shares to short..
I would buy some GS at $0.07 just to have shareholder voting rights. Probably fixed elections there also tho. On second thought, forget it.
1. Pump
2.Dump
3.???*SNICKER*???
4. PROFIT!
Next up: Goldman issues a "buy" order on their own moms for $1 a share.
I thought fungi reproduced asexually
I thought shit just, you know, happens...
I like that better, that way I'm still only 99.999995% atheist.
To cheap. It'll be 50 bucks a head.
Groupon......or Groupoff?
Is it possible to short Groupon shares already? Or puts?
Yes, but expensive...
Would be interesting to see the performance of a fund that does opposite of what GS advises
Sigh, a double post as first post, way to make an impression
“The story we’ve all been told about how all the gold ever mined in history could fit into one or two Olympic swimming pools… is a total lie. There’s at least nine times or ten times more off-market gold than there is officially tradable gold.”
This claim is made by Benjamin Fulford on http://kauilapele.wordpress.com/2011/12/13/benjamin-fulford-interview-by-david-wilcock-confirmed-the-trillion-dollar-lawsuit-that-could-end-financial-tyranny/
"(conservatively the $100 bn local advertising market, but potentially over $10 trillion in global advertising, goods, and services markets)"
Why mess around with that icky manufacturing when you can advertise?
No more messy dirty hands, no smelly paints or chemicals, no expensive or hard to repair equipment, no big costly facilities, no more sweaty truck drivers!
Advertising baby! Catch the bubble!
Groupoff!
29 a share - so $20B marketcap for a glorified coupon company? I'm in!
no burier to entry, nothing special, dumb investment
1. Market the stock ad nauseum a la GM
2. Sell the stock to a bunch of dipshits
3. Stock goes down and dipshits lose money
They call it pump and dump. Investment banks/brokers get paid for every share they sell.
Like other enlightened cities of the world , there appears to be an area in lower Manhattan where prostitution is completely legal.
Didn't realize Pahrump was so enlightened.. live & learn
I picked up a Goldman recommendation, 2 Snuggies, and a teeth cleaning via Groupon for $15. Thanks Groupon!
That double post got me thinking its been a while since the fat finger flash crash, that's gotta be good for one more go-round pretty soon.
SWEET JACK will own groupon........it's over for that name.......
"Mr Jones, If you liked it at 29... YOUR GONNA LOVE IT AT 23.32!"
The only thing that changes on the St are the customers.
I've been short this crap stock since it started trading. Funny that i don't even have a fancy MBA to know this is not good for biz owners to use this service.
If you can't lever up and go short grope on should you go long GS?
Where is the synthetic play here?
Irritating spam plastered for people that have no money to spend. Brilliant.
Remember this is Gods work. Pay no attention, nothing to see here, keep it moving. Who the hell are these morons that keep giving GS money? Seriously you'd have to come out of a hole in the last week to think this made ANY sense whatsoever.
I can't wait until GS folds over upon itself, then Blankfein pitch about doings Gods work and send him a card saying "Job well done"
SP500 daily chart resumes choppy downtrend. Opposite for USDX.
My long term indicators have continued to warn of USD strength and EURO weakness and these signals have increased since 2009. The overdue dollar rally should be substantial.
http://stockmarket618.wordpress.com
Groupon might actually have a lot of market potential. The ability to socially target deals can potentially be a game changing technology with the proliferation of smartphones across the population. Moreover, since we are in tough economic times, deals mean extra business.
Hey I remember you from when you were pimping pets.com calling that a game changer too. Google "business plan" one of these days.