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For starters, allow me to make full disclosure.
On Monday I sold puts on shares of Groupon as a reflection of a short term bullish sentiment on its shares.
Unless you've been living in a cave or have been on an South Pole expedition you know that Groupon is that beleaguered daily deal space leader that has had a rough time of things.
If either of those are the case, you probably also still own shares of Research in Motion.
Sometimes you are your own worst enemy and there are no better recent examples of that adage than Groupon and Research in Motion.
From its IPO, including pre-IPO and post-IPO behaviors its been an embarrassment every way you can imagine. Embarrassment is one thing, but for those that purchased IPO day traded shares at $26, the drop below $15 is more meaningful.
In the past, I've been critical of Groupon and its juvenile leadership and arrogance. If you really care. take a look.
If you're really without a reason for living, I suppose that you could check through the Twitter archives and read other miscellaneous comments that I'd made over the months, especially about CEO Andrew Mason, although he certainly wasn't the only culprit.
During that time, I'd never own shares, nor had any interest, long or short in the shares of this company.
On Monday, I finally decided to take a position, by selling those April 2012 puts.
I did so following Groupon's press release regarding yet another accounting issue.
In the past, I've done very well selling puts on companies after they've taken big hits, but not being terribly speculative or risk taking by nature, those positions have always been small.
In this case, if I am assigned shares, I'll be on the hook for about 0.28% of my portfolio.
Since Monday, other than mentioning the fact that I had taken the position, I've made no comments, derogatory or laudatory, regarding Groupon.
Not as if I actually would influence anyone by doing so.