Jul. 24 at 8:53 PM
$GRPN New Finra reports dropped!
Short float has INCREASED by 1 418 828 shares to 13 376 270 shares . Putting current short interest around 75.48% against a reported float of 17.89M shares reported by Yahoo finance.
In addition, the OTM call option chain for calls 8/21, 9/18, 10/16, and 1/15/27 are absolutely insane. 49625 cumulative open interest on OTM calls. Insane.
This setup is looking better than ever despite the dip, which is worth looking into. This price action is very similar to what happened last year prior to earnings. The first photo of the price action is this summer's activity up to today's close. They were able to drop the price back down to levels around first week of July for this week's close.
Last year, similar action took place. July 24th last year, the exact same return to early July levels. The price actually drifted down to early June levels as it got closer to earnings week. This reeks of desperation. Fingers crossed they kill this earnings!!!
BULLISH!!!!!!!!
