But, look at the chart and you will see that it has been inching downwards and washing out any bulls in a downward . This formation should wipe out sentiment and stop out any new longs that had jumped on board the recent rally. The levels of oversold seem to be less intense when you see the early May decline get to -300, then the early June low is just below -200, then the early July low is below -150. So, it would appear the power of the sellers is at least letting up and perhaps GRPN is already "sold-out" at this level. Note that it fell and held the "KEY HIDDEN LEVEL" where were reported back in May. This is key as it represents buyers are lurking at that level and that can therefore be a stop loss level between now and the next report in 8 days.
If you are afraid of a major gap against you, then exit before .
Tim 1:01PM EST 6.39-6.40 bid-ask, showing 6.37 last.