Seeking Alpha

Playing the Ponzi's  Instablog

Playing the Ponzi
Send Message
Why “Playing the Ponzi”? I view the entire monetary and financial system as something of a Ponzi scheme. Starting with currency that is created as debt, and running straight through a global economic model that is based on infinite growth in a finite world. This won’t end well. I’d go a step... More
My blog:
Playing the Ponzi
  • GRPN Breaking Down At Trend Line Resistance 0 comments
    Dec 4, 2012 12:12 PM | about stocks: GRPN

    On an intuitive level, I've been a Groupon (NASDAQ:GRPN) Bear from Day 1. It's not that I don't like the product offering. Heck, I used a Groupon offer to stay in a ritzy Washington D.C. hotel this last weekend, and it was a great value. However, I struggle to see how a Middle-Man re-selling desperately cheap offers can secure long term business success. Plus some have questioned the accounting. So I've been interested in shorting GRPN for awhile, but for whatever reason, E*Trade wouldn't let me short the stock itself. So with GRPN's recent rally (75% in 15 calendar days), I finally got my short on via Put options. The options are still dirt cheap, with in-the-money $5 Dec 22 Puts currently pricing in just .08 of time premium. Leverage for darn near free.

    (click to enlarge)

    Stocks: GRPN
Back To Playing the Ponzi's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.