Critiques of GRPN will say “it’s a stupid company, bloated, and it’s going to zero.”
Pardon me, Sir, would you rather pay full price? Isn’t GRPN in the sweet spot of the new American economy, where vagrants clip digital coupons to save money? The pessimism in the social media space is un-fucking-believable. Before you chime in, understand that the stock price action has nothing to do with the underlying businesses. Last I checked, YELP, GRPN, P, Z, TRIP, ZNGA, JIVE, LNKD, ANGI and AWAY all beat expectations. Now the market decided, in its infinite wisdom, that all publicly traded companies related to the internet MUST go bankrupt. Fine. After all, the dot com bubble happened; therefore, it must happen again.
Do you realize how fucking stupid you sound? So let me get this straight: these companies thrived for years in the private markets; but since going public, the stories have materially changed and they are ALL going to zero. On top of that, Facebook is the new Myspace, even though Myspace at its peak was 1/100th as big as FB, if that.
Fuck you people. Fuck you hard and with sand.
I don’t like you and I will never like you. I might be taking daggers in the face long YELP; but at least I went down in something I adamantly believed in. If I blamed the horrendously criminal Facecrook offering for sapping the life out of the social media space, you might say “they were going down anyway.”
Fuck you in the wind, snow and with rocks.
My cost on YELP is around $22. If I make up some of my losses, now down 2.5% year to date, I will add to YELP down at these levels. It can go to $12, maybe even $9. Or, it can bottom here and go straight to $22. Investing is not only a mystery, but an enigma. The poetry of prices swashbuckles between bull and bear, washing fucktards away to oblivion. It happens all the time. I made a great error by letting a big gain turn into a break even. I made an even greater mistake by letting break even transform into a small loss.
Lastly, I made a mountainous error by letting a small loss become my albatross.
Despite all that, whether you like it or not, these fucking companies, ON THE HAIR OF HERCULES, as hated as they are right now, are in the process of bottoming. They will be here longer than you and will make people rich one day; you’re just too glib and permanently stupid to know it.
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FREEEEZE!!
groupon is not hated because of its business, but its execution. when was the last time you got a groupon offer that you jumped at? mine was about 4 months ago, getting 4 AMC movie tickets at $6/ea. that was 1 of 2 times i’ve used it, because the rest are for shit I don’t care about…like being tucked in buy some guy named Ron
I don’t ever Groupon. But their quarterly reports says business is thriving.
no chance of fabrication, either.
So it is a lose-lose at all times. If they miss, they were supposed to miss. And if they beat, they are committing fraud.
I love Groupon – $50 coupons for $200 things. What’s not to like?
the fact that those $50 coupons are really for $35 things.
That’s odd, the various restaurants I’ve used via GroupOn never gave me a special menu where the dishes were much more expensive.
In the end, GroupOn keeps $15, and the company takes $35, for $200 worth of shit. It’s a promotional for companies, not a way to maintain their business.
Groupon and the business split the amount paid 50/50.
boom.
I got in on the AMC tickets too. I also have carpet cleaner, car detail, and a couple other groupons / living social deals I still need to use.
terms for businesses aren’t really that favorable. most use it once and bail. groupon eats cock.
Fast forward to turkey week and these fuckers will be skyrocketing again to new highs.
I hold YELP, GRPN, MTW and AMZN ….Why because the smart guys dont!! I WIN!!
“Last I checked, YELP, GRPN, P, Z, TRIP, ZNGA, JIVE, AWAY all beat expectations.”
No where on Wallstreet was it expected that YELP would report a 300% increase in losses on a 50% increase in sales. When the velocity of losses increases faster than the rate of sales increases, you have an unsustainable business model.
That’s bullshit. They beat on top line and guidance was good.
It’s pretty easy to beat by 300% on a small nominal loss. The fact that Yelp has a substantial top line and a clean balance sheet are reasons enough to be long the stock. They’re most likely a takeover target at some point (though so is FourSquare… not sure where those guys are going), but they may very well turn into a cash cow on their own. We’re just dealing with post-FB doldrums right now.
OMG I hate foursquare!! and not just because my gf’s iphone gets 200 F*****G foursquare messages a day from friends and family, but because I hate the idea of “checking in” with your contacts every time you go somewhere. It feels like “hey, I’m so cool that ya’ll want to know where I am at, at all times so you can come follow me around,,,,so here’s where I’m at!”
I do use YELP occasionally thoudh.
I LMAO at the silicon sue shop, VHC. “Somebody’s gotta do it.”
WOODSIDE, Calif., June 1, 2012 (GLOBE NEWSWIRE) — GSV Capital Corp., “GSV”, (Nasdaq:GSVC) today
announced that CEO and founder Michael T. Moe will provide a portfolio update as well as
commentary on the market via a live audio webcast after the Company’s annual meeting of
stockholders on Tuesday, June 5, 2012. The audio webcast will be accompanied by a slide
presentation that will be available for download on the investor relations section of GSV’s
website (http://investors.gsvcap.com/
then he’ll hit The Pioneer with his 10 gallon hat. fucking idiot!
groupon is coolsavings 2.0
how many fucking times do i have to say this?
Sure, because you say it, it’s true.
country music is extremely popular in Ireland.
And Poland and Slovakia and England and, because the French like to dress up and dance, very popular in France.
The FLY is no longer GOD! What a retard!
Fuck you, BANNED
Fuck you!
Not “BANNED.” I do what i want!
Try now, fucker.
BANNED
(oh shit, I am BANNED)
Fuck it, lets get JT to IPO Myspace
funny. all real assets relocating to oil stocks soon.
People couldn’t wait to get some Facebook, so the greedy fuckers sold it to them and punched them as they took their money. Now they have a black eye. But that will heal in time and all the internets will be popular again one day.
So much anger for being down 2.5%? Chill, bro and buy some $YELP calls!
~W.Tilson
I have them.
I was up 20%.
” Fuck you hard and with sand.”
too funny ! 😛 😀
epic post
LOL, no shit! The kids call that “breaded chicken cutlet”: http://www.urbandictionary.com/define.php?term=breaded+chicken+cutlet
The interesting thing how well TRIP has held up.
Should have bought TRIP instead of YELP. sigh…
+1. Should’ve been common sense since I use it more than I use Yelp.
Fly,
I love the anger and incredulity with which you write. I identify with it all and laugh every time I read something you write. With that said, I am feeling the same level of indignation toward the bull case right now. Are you telling me these overpromising, underdelivering morons in Europe are going to actually solve this problem without destroying themselves? The mountains of debt we all have are beyond repair, man. Sooner or later, we’re going to realize that. I’m not a proponent of broad selloffs in great companies (Apple anyone?) but in many cases, the baby does go out with the bathwater. I think the lesson here is that neither the overly bullish nor the overly bearish have a monopoly on stupidity. Likewise, the righteously stubborn can sit on both sides of this argument.
Keep doing what you do. Glad I’m not the only one spitting venom on a bad tape!
The system will not collapse voluntarily. They will try to save it. It will only collapse if markets force it.
Oh they’ll try to save it alright. With the same retarded measures they used to destroy it in the first place. They’ll save it like we saved our debt problem 10 months ago. The only way it can be saved is if everyone believes it will be saved. Just as the only way it’ll be destroyed is if everyone believes it will be destroyed. But therein lies the reality of the market. The only truth is price action, brother. You know it better than I do. As angry as you are at the bears and as angry as I am at the bulls, the reality is that we’re both getting our faces eaten off by a drugged out hobo. Investors can say, “fuck you” and add to their positions, then wait as long as it takes for their thesis to be proven right. Traders probably don’t have that luxury.
I think we agree on one major point. Fuck this market.
I’ll drink to that.
Saved to the computer. This is great, I wish I could write this well.
I was up 2.63% today thanks to my TSX exposure! My biggest gain today percentage wise was AAU.
Market alsways moves by sectors-currently social media sector is close in strenght to commodities mainly due to FB’s flooding market with its shares. when the climate changes-the best of the sector will move up-but I doubts YELP is the best. Maybe TRIP.
“Do you realize how fucking stupid you sound?” – cannot stop laughing
… never ceases to amaze me at the outright sadistic joy some exhibit at another trader’s missteps !
Fuckin’ pathetic !!!
.
agreed. I don’t see many other traders opening up their positions to the world.
Indeud!
Key to being successful Trader:
Only report winning trades.
Yeah, sad. Zero sum game thinking.
Once the dust settles and all of the negative global forces on the market cease to have an effect, the social media sector will become “attractive” again. Sideline cash will come into play and the stocks that are hated now will become winners. FB is really sticking it to the entire sector but this too shall pass. Fly will laugh and say “I told you so” and he will be right. Again! Now the ultimate question is when.
Bill Clinton in CNBC…
Liberal desperation
Fly, your ability to cut through the bullshit and say fuck you to the sentiment and invest in truly hated sectors is an inspiration to all.
Everyone talks a big game about not having underlying beliefs for or against certain asset classes and just being concerned about making money. You are one of the few where it’s evident it’s more than just talk.
May the gods stomp on the kneecaps of your foes.
I like the cut of your jib and the depth of your confidence. Sure, social media will eventually come back, but what about the market flush? If we don’t get any QEish news this week or next week, everybody’s gonna get hurt because it feels like it’s been priced in heavily.
I agree with that. But my core thesis is they will come to the rescue.
You’ll be bragging about an up 5% day in no time…I am sure of it.
What a crazy bounce in RGLD.
How about what this Johnson guy, that Cramer hyped so rabidly, took down JCPenny in a few months?
He CUT OUT COUPONS.
Buh Bye JC.
These people like FU-KING COUPONS!
That is all.
i dont think that europe wants to be like us …
i do think they should tell us to mind our own business…since we cant get it right the first 2 times ,what makes you think the 3rd time is a charm?
or they could just “LE FLY” up the tone a couple of notches and say ” if i wanted your fuckn opinion ,which i doubt i ever would ,since id rather let the markets tank and work themselves out of it by natural correction means “… then i would ask for it ..but since i dont want your fuckn opinion ever… fuck off
social stocks problem was valuations not business model… they were ridiculously over valued and now reality is setting in.
OEW Daily Comment:
> The market opened lower today but quickly resumed the rebound from yesterday’s SPX 1267 low. When the market entered the SPX 1280s we posted a green tentative Minor wave 3 label at yesterday’s low. After the pullback and rally to a higher high we upgraded the label to dark blue (confirmed). It appears Minor wave 3, of Intermediate wave C, ended at SPX 1267, and Minor wave 4 is currently underway. The upside limit for Minor 4 should be within the OEW 1291 pivot range, (+/- 7 points). Then, another decline should end with a Minor wave 5 low, Intermediate wave C low, and a Major wave 2 low (just below 1267). This could happen as early as this week. Support for the SPX remains at the 1261 and 1240 pivots, with resistance at the 1291 and 1303 pivots. Short term momentum is slightly overbought. The short term OEW charts remain with a negative bias from SPX 1323, with the positive swing point now just under 1300. <
Then fireworks into July or later with Major Wave3 of Primary Wave3 … Boom Goes the Dynamite!!!
HUH ?
Hand me one uh them “Barley Pops” padnah !!!
.
These are actually most likely the stocks of the future. More and more, interactions will occur online.
If stocks go down as your dollar goes up.. isnt it really a push? yea high beta shit gets slammed a bit more but that is why its high beta.
The master plan
http://www.efxnews.com/story/12925/real-master-plan-dump-euro
I bought GSVC yesteday under $10. It is trading at cash levels. As in, all of their investments are worth nothing!
Yes, valuations are coming way the fuck down. Reality is hitting, but $1 in cash is still worth $1 cash. Oh well, maybe not. It’s probably only worth the paper it’s printed on.
But I digress, GSVC is extremely oversold.
For those who are responsible for providing for others…like kids and wives, and possibly parents, etc.
Prepare to cut out all the frills, and make sure you (and yours) are covered.
Wall Street made it’s own bed. It took years for that bed to be made.
It will take years, or more like loss civilizations, to recover.
Makes that moving to Mars reality show start to sound like reality!
http://www.gizmag.com/mars-one-human-settlement-2023/22799/
For the love…
…as usual, I inadvertently support some god-forsaken website.
So, which one is it?
Toddlers & Tiaras?
Or fuck you, your dead?
YELP was a mistake and Fly admitted it many times over, time to let it go.
I’d say he’s crazy and it’s a lost cause but so was FTK and we all know how that turned out.
+1
Hail hail the Queen shall prevail.
What would happen if the United States had a king?
Oh, wait, we DO!
All hail Obama & mamma!!!
U.S. Common wealth and common folk, suck up to your leaders!
it all comes down to a german cannibal not serving up a bad bratwurst. place your bets. nevermind hanzel and gretel.
GRPN sux, but when has that ever stopped a bunch of morons from buying something.
I lived a long time in Germany and speak the language fluently. They will probably come to the rescue. But, after many years of observation I think that they will be too late. They have a very difficult time deciding. They move at glacial speeds.
Well … allow me to just say …
… I have looked into the future (so to speak) … and …
… THIS SHIT IS ABOUT TO GIT UGLY !!!
—
The damage that has been done “technically” to the charts in the preceeding days / weeks is substantial and WILL NOT be digested easily !
Can “news” provide some “BS BOUNCE” ? Of course !!!
BUT … it better be “Earth Shattering” … else this gits UGLY … FAST !!!
—
In The Land Of The Blind … The One Eyed Man Is King !!!
.
btw …
Slightly SHORTER than … Mickey Rooney !!!
—
Verne Troyer … here I come !!!
.
OH !
And another thing !
A round of applause for … “Permastupid” !
—
Simply An Instant Classic !!!
.
did it dawn on you yet? that you have been set up? it is kinda obvious.
… are you privy to private Emails between myself and “Fly” … over time ?
… are you privy to the conversations we’ve had ?
I am outspoken !
That will NEVER change !
Need I say more … fuckface ???
.
SP futures look nice AH… of course European markets can mess it up, hope not…
Gold looks like it’s ready to make a big move too
Laugh all you want at FB but its a great opportunity to buy a stock of the future. It will make those that wait rich. Try to think a little bit ahead and not keep your head up your a–.
A stock of the future would be something we have never heard of. Like AAPL. The new “TV” is going to change the way we view things, literally.
Scatboots, you just repeated what Fly stated in last few lines, and you said it with way less savoir-faire, jerkoff.
GRPN is like COST to consumers, a way to extort more money out of consumers when they don’t need to. For example, COST is cost effective for businesses, because they sell all of their goods to consumers based on demand. If a consumer like myself visits costco and buy 50 lbs of cheezit crackers or 10 liters of vodka then I will be more inclined to consume this product more because I have an abundance of it. GRPN exploits customers to do shit they normally would not do. I don’t need to go to some stupid shitty sushi joint in san francisco because I get $20 worth of rolls for $35. I would have never gone to the shitty sushi restaurant in the first place, I would of rather of had a beer at home with my friend or cooked a home cook meal with my lady and spent less.
I could be full of shit, and as the Fly says, its digital clipping (LMFAO), but when I see guys my age in our late twenties talking about GRPN I call them cheap ass grannies collecting ss.