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Groupon, Inc. (GRPN) Message Board

  • omnesion omnesion Jan 30, 2013 9:06 PM Flag

    Hello, GRPN longs ...

    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).

    Sentiment: Sell

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