Thursday, March 14, 2013
Groupon Short trade
After the dismal Groupon earnings at the end of February, the stocks touched $4.25. Since then, the CEO was fired and the stock appreciated to over $5 and currently trades at $5.28. I've always felt that the business model is very difficult to make money and don't see much traction. I think in a few years this will be a company that people will recall was almost bought for $6 Billion, IPOed at $20 Billion, and then went under.
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HLF tanking too! Increase short position?
ReplyDeleteI don't want to get greedy with HLF. I doubt I add too it. The moment I add, it could pop 6 points against me. I'm content with current size where I can handle a large move against.
ReplyDeleteI would say GRPN over 5 is a short and worth an add. It will go back to 4.25. Needs to reach touch
ReplyDeleteYou can't catch a break on $GRPN
ReplyDeleteSeriously...FU Bill Miller. Company is garbage.
ReplyDelete