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  • techstrategy techstrategy Nov 12, 2012 10:52 AM Flag

    Just bought 5K GRPN shares...

    I added yesterday at an effective price of $2.55 via selling LT puts. I'll add more if it hits $2.50. Not worried. I use ridiculous short term overreactions to take advantage of herd behavior. In the long term, I profit.

    From the outset, I said I was targeting 20K shares and bought 5K at $3.30 (actual execution was $3.29). None of your taunting nor the short term price moves bothers me. I stick to underlying fundamental economic value capture. GRPN will be a good investment at these levels. AMZN will be a disaster as a long position.

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