Groupon Stock Holders! Head For the Exits!

In what, I'm sure will be the second to last post I ever make about Groupon, and how much of a dog company I think it is (the last post will be a "I told you so" when Groupon becomes a penny stock), I'd like to show you Groupon stock performance over the past two days.


Pretty shocking stuff. Especially if you own shares in this company!


On Monday, Nov. 21, 2011. The Dow Jones Industrials (DJI) had a bad day dropping 249 points or -2.1% to finish at 11,454. The NASDAQ Composite Index (IXIC) closed 1.92% lower at 2,529.14. On the other hand, Groupon (GRPN) had an even worse day by dropping almost 10% and another nearly 1% after-hours! See chart:

Today, Tuesday Nov. 22, 2011 (USA time) it wasn't as bad as yesterday's market saw the DJI down 53.59 or -0.49% to finish at 11,493.72. The NASDAQ closed 1.86% lower at 2,521. But! Groupon was one of the top three losers for the day dropping a whopping 3.51 or -14.89% to close at nearly their IPO price. The final closing was 20.07.

Head for the life rafts! If anyone knows where or how they can short GRPN shares, please comment and let us all know. Opportunities of a lifetime, like this one, don't come very often.

As I have written over and over before, a business model built on SPAM mail isn't a good business model at all. They should have built a portal. They should have taken Google's $6 billion dollar offer.

I'll make a prediction here: GRPN stock price will be under $1.00 by December 15, 2012 So if you want to be stupid and "BUY" then wait for their 60% off coupons! (Or, as Karl Denninger says, "There's crazy and then there's really crazy!") 

UPDATE: Zerohedge writes, "Groupoff - Groupon back to IPO price":

As of this moment, everyone who has bought and held GRPN stock since the IPO price is at best flat, and almost certainly at a massive loss, as only a few banks were allotted shares at the $20.00 offering price, which were quickly flipped to subsequent greater fools. As of this moment, GRPN is back to the IPO price or precisely $20.00. We expect once this is taken out for the one way Grouponzi Red Light Special to fair value, somewhere around $0.00, to take a few months at most.

PS: I have made some really good bucks buying and selling stocks over these 35 years... Actually, only three. I've only ever bought three times. I won big three times. Great opportunities only come once every ten years or so (unless you have insider information) one day soon I will write about these exploits. I found these chances of a lifetime just simply from reading the news. You can too. Sometimes things are just painfully obvious. As a loser, Groupon was one of them.

Had I been able to invest huge money instead of my piddling amounts, on the good ones....I might have been rich!

Or as my wife says:

UPDATE 2: Groupon was the #2 biggest drop on the entire NASDAQ today according to Yahoo Finance:

NEW YORK (AP) -- A look at the 10 biggest percentage decliners on Nasdaq at the close of trading:

School Specialty Inc. fell 26.4 percent to $5.17.

Groupon Inc. fell 14.9 percent to $20.07.

First Clover Leaf Financial Corp. fell 11.6 percent to $5.74.

Viasystems Group fell 10.9 percent to $15.77.

ID Systems Inc. fell 9.7 percent to $5.14.

Mackinac Financial Corp. fell 9.6 percent to $5.00.

Technical Communications Corp. fell 9.6 percent to $7.17.

Forbes Energy Services Ltd. fell 9.2 percent to $5.35.

KIT Digital Inc. fell 9.2 percent to $9.52.

Lihua Intl fell 8.8 percent to $5.36.

UPDATE 3: Another from Zerohedge:

Yet another fatal flaw in GRPN's business model is revealed to the sheeple IPO buyers.

Bakery Burned in Groupon Deal for 102000 Cupcakes

‎ - International Business Times

Dancing With the Stars, Spray Tans, Mindless American TV

Every morning, like clockwork, I turn on my computer to do work and to write this blog. Every morning I see something on the top page of Yahoo that just makes me roll my eyes. (Yes, I know everyone uses Google, but I use Yahoo to get the financial and stock market news).


Everyday, at the top of the page, Yahoo has their 5 "hot" stories. These are always incredibly stupid and useless. Usually it is about an unusual football play (when, upon clicking, you see that it is not so unusual at all)... Or it it about some idiocy involving some Hollywood person getting a divorce or the dress s/he is wearing or something else.

Here's what was at the top of Yahoo this morning: $2.5 million dollar bra, Wal-Mart's sales, Golfer gets angry, 10 strange sports venues, Billy Crystal hosts Oscars? Hoo hum...

In a few words, God! American society is stupid! 


You know this stuff is there because Yahoo is "giving people what they want"... There is never any news about anything that actually matters.


But sometimes, even Yahoo can have something so stupid, so asinine that it irritates me to hell. Yesterday had a link to the person who does the tanning for the people on "Dancing With the Stars"! Jesus! I just have to read about that! 


The article is just Hollywood fabulous. Let me quote:


Each season of "Dancing With the Stars" features a revolving line-up of contestants and professional dancers, but one thing remains the same: spray tans are a big part of the show. And that's where Julie Nostrand, the owner of South Seas Skin Care, comes in. All season long, she's spent every Sunday flying from Loveland, Colorado, to Los Angeles, to ensure celebs look luminous in the ballroom and in front of the camera. omg! caught up with Nostrand to find out more about what the stars do to get glam.


Isn't that just ZZZZZZzzzzzzzzz......... Oh, where was I?


No wonder the USA is all f'ed up. Ask Anyone says the average American watches 6.7 hours of TV a day!!!!


Average American watches 6.7 hours a day of TV.


How, in the hell could anyone spend 1/3 of their waking time on TV?


But for more, er, "serious" info let's go to our Neilsen ratings: 

According to the A.C. Nielsen Co., the average American watches more than 4 hours of TV each day (or 28 hours/week, or 2 months of nonstop TV-watching per year). In a 65-year life, that person will have spent 9 years glued to the tube.

The average child will watch 8,000 murders on TV before finishing elementary school. By age eighteen, the average American has seen 200,000 acts of violence on TV, including 40,000 murders. At a meeting in Nashville, TN last July, Dr. John Nelson of the American Medical Association (an endorser of National TV-Turnoff Week) said that if 2,888 out of 3,000 studies show that TV violence is a casual factor in real-life mayhem, "it's a public health problem." The American Psychiatric Association addressed this problem in its endorsement of National TV-Turnoff Week, stating, "We have had a long-standing concern with the impact of television on behavior, especially among children."

Millions of Americans are so hooked on television that they fit the criteria for substance abuse as defined in the official psychiatric manual, according to Rutgers University psychologist and TV-Free America board member Robert Kubey. Heavy TV viewers exhibit five dependency symptoms--two more than necessary to arrive at a clinical diagnosis of substance abuse. These include: 1) using TV as a sedative; 2) indiscriminate viewing; 3) feeling loss of control while viewing; 4) feeling angry with oneself for watching too much; 5) inability to stop watching; and 6) feeling miserable when kept from watching.

OK, 4 hours a day or 6.7 hours a day of watching TV!? Are you kidding me? Don't these people work? How can anyone, in this day and age, have the time to watch that much TV? Why would anyone want to watch that much TV? These people are truly sick, especially when they feel miserable when they cannot watch enough TV!


What's to watch on TV? Nothing good.


I heard from my friend who works at NHK that recent surveys in Japan show that the average Japanese under 30-year-old watches an average 20 minutes of TV per day.


If these statistics are true then the USA is definitely done for. People in the USA no longer read books, they don't know their basic geography. They don't know the difference between John and Yoko staying in bed to protest the war or Lenin doing the same. They think Falafel is a political party in Pakistan and the people in Eye-rack had nooklar weapons.


They think Mexico is in Central America even though Central America doesn't exist... And, they think Napoleon is an ice-cream sundae at 31 Flavors. They couldn't pick out "Grease" on a map of Europe and don't care about "Cheese eating surrender monkeys" anyway. 


As Fred Reed writes in Dark Ages:



The night closes in. Read the surveys of what children know, what students in universities know. Approximately nothing. We have become wanton morons. As the intellectual shadows fall again, as literacy declines and minds grow dim in the new twilight, who will copy the parchments this time?


No longer are we a schooled people. Brash new peasants grin and peck at their iPods. Unknowing, incurious, they gaze at their screens and twiddle, twiddle. They will not preserve the works of five millenia. They cannot. They do not even know why.


Twilight really does come. Sales of books fall. Attention spans shorten. Music gives way to angry urban grunting. The young count on their fingers when they do not have a calculator, know less by the year. We have already seen the frist American generations less educated than their parents. College graduates do not know when World War One happened, or what the Raj was. They have read nothing except the nothing that they read, and little of that. Democracy was an interesting thought.


Ours will be a stranger Dark Age than the old one. Our peasants brush their teeth and wash, imagine themselves of the middle class, but their heads are empty.


We are witnessing the end times for the USA as we've known it for all these years.... It's too bad that, when the drunken giant in the room finally collapses, his fall is going to break everything on everyone else's tables.

Japan's Recession & More Nonsense Reporting

I am astounded that the media can actually report such nonsense as what I have just seen. The headlines read: Japan Falls Back Into Recession After Quake. Are you kidding me? Japan has been in a recession for two decades. What kind of rubbish reporting is this? 


Yahoo reports:

Japan's economy plunged back into recession in January-March, contracting sharply on the impact of the nation's biggest recorded earthquake, a tsunami and a nuclear crisis, data showed Thursday. The economy shrank by a much worse-than-expected 3.7 percent year on year, marking the second consecutive quarter of contraction, which economists define as a technical recession. In the aftermath of the disasters, output saw its biggest ever fall and spending plunged while consumer and business confidence took a tumble.

Consumers have held off spending on non-essentials such as entertainment and travel.

Well, of course they did, Einstein. The mayor of Tokyo told us that we weren't to celebrate the cherry blossom season with the traditional festivities, the biggest festival in Japan, Sanjya Matsuri was cancelled, our electricity was cut in many places, and we couldn't even buy water - we still can't - in many areas.

And these Keynesian clowns think this is falling "back" into recession? They must be joking. We've been in a recession for over twenty years.

Google Censors Search Results

This is the beginning of a very bad trend. Google has now announced that humans will begin to subjectively alter search results. This is bad for a very many number of reasons, first and foremost is that it opens the door for censorship of a political nature.

GENERATION X - GIMME SOME TRUTH

This, of course, is not good for a flow of information for a free society. It reeks of information control such as was written in George Orwell's 1984. This means that Google will now become our own Ministry of Truth.


The Register.co.uk reports:   


Google this week admitted that its staff will pick and choose what appears in its search results. It's a historic statement - and nobody has yet grasped its significance.


Not so very long ago, Google disclaimed responsibility for its search results by explaining that these were chosen by a computer algorithm. The disclaimer lives on at Google News, where we are assured that:

The selection and placement of stories on this page were determined automatically by a computer program.

A few years ago, Google's apparently unimpeachable objectivity got some people very excited, and technology utopians began to herald Google as the conduit for a new form of democracy. Google was only too pleased to encourage this view. It explained that its algorithm "relies on the uniquely democratic nature of the web by using its vast link structure as an indicator of an individual page's value. "

That Google was impartial was one of the articles of faith. For if Google was ever to be found to be applying subjective human judgment directly on the process, it would be akin to the voting machines being rigged.



It wasn't surprising, then, that when five years ago I described how a small, self-selected number of people could rig Google's search results, the reaction from the people doing the rigging was violently antagonistic. Who lifted that rock? they cried.

But what was once Googlewashing by a select few now has Google's active participation.

This is a terrible result. This means that Google will empower a few people to oversee editorial decisions as to what article get high search results and the rest? The rest head down the black hole.


Well, I guess most people will shrug their shoulders and say, "It's okay with me. I'm doing nothing wrong so I don't care. After all, we've always been at war with Eastasia."


This is a sad day in the history of information and what could be the darkest hour of the Internet and our right to freedom of speech. 


I register my protest and will stop using Google search (you'll also need to stop using Yahoo! Search engine too.) I urge you to do the same. From this very second on, I will set my default search engine page to Bing. 


But you don't need to use Bing. There are many others. Just please join us in our peaceful protest against Internet censorship by switching from Google search. If you don't protect your freedom of information and freedom of speech, no one is going to do it for you. 

Bloggers Unite! High Quality, Original Content is King!

Writing a blog can be a very tiresome, worrisome, frustrating and exhausting experience... It can also be hugely rewarding. Recently, the Net has taken down governments with Bloggers, Tweeters and Facebooker's taking the lead role. 


Shouldn't you start to stake your claim by starting a blog?


It might be the most rewarding thing you undertaken in years! It is for me.

XTC - King for a Day 

Currently, I am spending my time coaching two wonderful people on the virtues of blogging and how it will help them and their business grow. Coaching is a lot harder than I thought it would be. I sometimes am asked to blog or teach blogging to people, but, with these two, it is the very first time I've ever said, "Yes!" I said "Yes!" to these folks because I believe they have some great insights and I know they have some experiences and expertise that no one else has.  


My "students" are incredible people. They can add a world of knowledge and information to help us bloggers build, as Google describes it, "a healthy web-ecosystem." I think I understand what Google means by this. They mean that they want various sites that have original content rather than sites that collate information from various blogs.


I mean, news sites are needed and designed to aggregate various news sources, but there seems to be an increase of blog aggregation sites that offer no new, original information but simply list up a bunch of articles from various blogs around the world and copy and paste those on their site.

If those blog's purpose is to spread the word on a particular position concerning politics or social issues, then I understand that. If their purpose is to use other original content to gain hits on their websites so that they can get higher Google Search rankings so that they can sell more affiliate stuff when people click on links on their pages, well, I can't fault someone for trying to make a living, but I can see how Google would want to help support the independent original thinkers.


Now, Google has gone one step further. They've made a major tweak to their algorithm so that these "content farms" get lower search result rankings.


Yahoo! reports:   
Google tweaks search to punish 'low-quality' sites

Google says it has tweaked the formulas steering its Internet search engine to take the rubbish out of its results. The overhaul is designed to lower the rankings of what Google deems "low-quality" sites.

That could be a veiled reference to such sites as Demand Media's eHow.com, which critics call online "content farms" -- that is, sites producing cheap, abundant, mostly useless content that ranks high in search results.

Sites that produce original content or information that Google considers valuable are supposed to rank higher under the new system.

The change announced late Thursday affects about 12 percent, or nearly one in every eight, search requests in the U.S. Google Inc. 

Wow! This affects one in eight!? So, the point is, once again, original content is king on the Internet. 

Sure, Mr. and Ms. Blogger, we are not "journalists" in the traditional sense of the word, but we never claimed to be. Nevertheless, our opinion matters more and more everyday.

People listen to what bloggers have to say! Take, for example, you see a full page color ad in the newspaper for a new steak-house. The steak-house spends $20,000 for that ad. The ad says the restaurant is great! Do you go to that restaurant? If it were me, I wouldn't pay any attention to the ad at all. It wouldn't motivate me to go there.

But! If a blogger I like says that the restaurant is good, I probably would go and try it once. Why? I know the blogger is telling me the truth. I read this blogger's writing often. I know s/he didn't receive a bunch of money to write that recommendation. That means I have a relationship with this blogger and know who s/he is. I trust this person. 

Now, Google has saluted us with giving us more power on the web by rewarding us original content makers with this Search Engine tweak.

Thanks to Google Search Engine for recognizing us as the force to be reckoned with that we have become.


More concrete details on Google's new search engine algorithm here.

PS: I've written recommendations for cheap eats in Tokyo. There's cheap and good tasting sushi in Yoga; Raw Fish & drinks in Futagotamagawa; Delicious soba in Daimon; Wine & Dine in Omotesando; Fantastic Udon in Kamiyacho; Tokyo's best coffee and meeting place in Hanzomon; Tokyo's best hamburgers at Tsubame Grill; Out of this world Croatian food in Kyobashi at Dobro - Now, who you gonna trust? Me or some full page ad in the newspaper?

Think about it. Let's start blogging! The world wants to know you!