Wednesday, May 02, 2012

Boom - Groupon

I posted a short sell a few months ago at $17.90. Current share price? £10.58.

The brokers I use (spreadbet and CFD) wouldn't allow me to go short, so I made nothing from the call. It's okay though, as there's always a turkey out there somewhere.

Elsewhere in the world of short selling I see David Einhorn caused the share price of HerbalLife to collapse just by asking a few innocent questions.

And before I overdo the boastfulness, I'll make it known that my swiss franc trade really sucked. The euro-swiss exchange rate has pretty much frozen and looks set to stay in this comatose state for the forseeable future. I may have to extract myself out of this position, nurse the wounds and live to fight another day.

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