Tag Archives: wall

Groupon Going Public

Groupon Files for IPO

20110602-040251.jpg

Groupon, the online discount scalper is headed to Wall St. The SEC announced today that the internet coupon company is going to IPO under the symbol GRPN. Groupon reeled in $644B in the first quarter of this year. That’s incredible for a company that opened up only three years ago in 2008.

This company is a sure winner. The coupon sites have been around for a while, but Groupon has managed to captivate the youth by integrating their product with social networking sites like Facebook, who’s also in line to IPO soon.

Google tried to buyout Groupon awhile ago, but got denied. There are obviously some really smart people in the financial department of this company. They see big potential, Google sees it, Wall St. sees it, and so do investors like me.


DOW’n The Drain

20110601-050203.jpg

Today the Dow Jones Industrial Average sunk 300 points at the end of the trading day. It hasn’t done anything like this since last year around this same time. Money experts are telling investors, “stop being such pessimists!”

The looming negativity in America when it comes to finance is said to be the main reason for today’s plunge. People are scared they’re gonna lose all their money for whatever reason it may be. Investors decided today was the day to sell off as much stock they could afford to before tomorrow.

Regardless of today’s sudden pull back, the DOW is still better off than it was two years ago, currently resting at 12,290, as opposed to 8,000.

I’m not shook. I see this as an opportunity to keep an eye on which stocks are sinking to a new floor, and to buy, buy, buy. That’s the name of the game, buy low, sell high.