Eh, it's actually because everyone who's shorting GRPN covering their shares prior to the catalyst event. Everybody knew that GRPN's earnings were going to be p

Eh, it's actually because everyone who's shorting GRPN covering their shares prior to the catalyst event. Everybody knew that GRPN's earnings were going to be positive (not positive but that it's going from red ink to earning $0.01/share, ha), so even though this company is POS. For the short-term, you don't want to going against the herd who will be turning around from bashing to mildly praising. When shorts cover, it's a wave that eventually lead to a squeeze which causes more shorts to cover - lifting the price. Personally, this is a great event. GRPN will go up a little, leaving it more room for the slow bleed later and given that there's also weekly option series. GRPN is a great stock to trade.