Joel M: Just because GRPN tanked doesn't mean not a bubble still. GRPN simply doesn't make enough profit to justify current price.

Joel M: Count in advancing competition from Living Social, Google Deals, soon to be Facbook Offers, which will compress margins and it gets worse.

Joel M: Throw in a lockup expiration and broad market weakness (Europe recession and China slowing), and you've got a recipe for disaster.

Joel M: Disc: Long GRPN $15 Jan 13 puts.

James Hartje: All of the will do fine as a result of the $FB IPO Trickle Down Effect!

James Hartje: In addition here are some Stocks to Like Once $FB Goes Public: $FIO $ZNGA $DLR $EQIX $GSVC $MSFT $GS $LNKD $RENN $AMZN $JIVE