Why I Added to My Groupon Position
- Posted by Michael Bigger
- on February 28th, 2013
I just added to my small Groupon ($GRPN) position after Groupon announced that Andrew Mason has been removed from his CEO position.
What I have learned since the vicious tech bear market of 2000 and 2001 is that buying leading Internet brands when they fall hard on their behinds has worked very well for me. I have made a lot of money with Amazon ($AMZN), Priceline($PCLN), eBay($EBAY), Netflix($NFLX), and Expedia ($EXPE).
The buzz surrounding Groupon today sounds similar to the Amazon.Bomb … Amazon.Con discussions of 2001. Jeff Bezos discusses this in this video:
It is easy to hate Groupon right now. Anyone liking the company?
Written by Michael Bigger. Follow me on Twitter and StockTwits.
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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Michael Bigger is an investor and a trader who has been involved with trading technologies for more than twenty years. In 1992, Michael joined Citibank as head trader of U.S. single-stock derivatives, where he managed a $5 billion portfolio of equity derivatives. In 1998, he joined D.E. Shaw & Co., L.P. to trade the U.S. equity derivatives portfolio. (More) -
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