As I said in my last post on this board, I sold in pre-market at $5.42 on Tuesday, so I have absolutely no position in this stock, anymore. Not long, not short ... nothing, and I've decided not to initiate another position in it. For what it's worth, I don't think GRPN has a very good short-term future. The mobile numbers I've recently read about look very bad, Living Social posted another loss, and I have some other reasons that have recently come to my attention that I can't share, but which lead me to believe this stock will be going back down before revisiting the mid-5's or 6 range, if ever. I could, of course, be wrong, and I hope I am for all of you longs. I enjoyed communicating with some of you over the past couple of months, so this is just me taking the time to give you my two cents. I realize that it is what it is, and if you've averaged down from IPO prices, you'll want to wait this one out. I can empathize. I also realize that they could turn this company around and you could, possibly, get your money back, but I think the time-frame will be a lot longer than I'm willing to wait (years). So, in good conscience, I felt like I should post some sort of warning. That was it. I wish I could be more specific. GLTA (even you Christian Shorty Pants McShorty, since I know you'll say something about why would anyone care what I have to say, blah blah blah).
This doesn't make any sense: "I also realize that they could turn this company around and you could, possibly, get your money back, but I think the time-frame will be a lot longer than I'm willing to wait (years)." Why would you care about other longs making their money back. You claim to have bought around $3.5, you're doing quite well, but you're selling because you don't want to wait years "for the company to turn around" and for longs who bought at the IPO to get their money back? You don't read as being very credible for some one up over 50% on their investment.
A gentleman's post. As you know omnesion, I have been short this stock forever, and have had to pick and chose more carefully after the institutions came in at this range and started playing with it. I have always maintained this company was doomed to failure for OHH so many reasons, and apparently some of those reasons I kept close to the vest have reveled themselves to you. I'm glad you won't get burnt.
While we had differences in the past as to this stock, you always maintained a proper decorum in posting right to the end, and for that I salute you! Good Luck and Good Trading!
Sentiment: Strong Sell
This is going over $10+ by July - Still plenty of $ to be made. I also can't tell you how I know but assure you, everyone will see hints - Like close to $6 before earnings announced. Blow out earnings and I'll give you a hint of how I know. I'm a grpn subscriber and also have ran several deals. I know what they make per deal, and I know how many more deals they have added (just my area) since two quarters ago.
They have finally figured it out and wouldn't surprise me if they're over $20 by years end.
While I wish you luck on ZNGA, I'm not convinced you are right to get out of GRPN at the moment. WHat mobile numbers are you speaking of? LivingSocial posting a loss could mean many things (and their Goods business is almost zilch). And what possible other reasons could you have that you couldn't share? Have you not been following the huge uptick in Goods sales with GRPN?
Either way, I wish you well with ZNGA.
I love posts like this...How about this one...I bought at 2.80 3.15 and 3.30 and am not selling until we get back to the original IPO share price!!!!!!!!!!!! Im up 75% and will not sell!!!! Goodbye shortie!!!
My buy in price was around $3.5, so I made about $2/share in 2 months. Only 20k shares, but that's $40,000 before taxes in my pocket. If I'm wrong and you make more, I'm happy for you, but I'm was never short this stock, nor would I be at these levels and with the uncertainty that lies ahead for this company. GLTA.