GRPN and lockup expiry

[m22au]

Quote from Rodney King:

What a clever boy!... No doubt you're the only person in the financial markets aware of the lockup expiry.

Thank you for your kind words Rodney.

However I don't think I'm the only person aware of the lockup expiry, as evidenced by the recent WSJ article (http://online.wsj.com/article/SB10001424052970204296804577124833343029236.html)

 

[nazzdack]

Quote from m22au:
----May Day....
----May 1....
----May 28....
----lackluster performance....

Sell in May, go away?

 

[m22au]

The next few days for GRPN should be interesting.

Given that the stock has fallen so far in recent weeks, I have no position.

 

[atticus]

While the expiry news is in the market, i expect that the shares will touch $8 in the next 30d.

 

[Daal]

Quote from atticus:

While the expiry news is in the market, i expect that the shares will touch $8 in the next 30d.

Do you have an options play in this?

 

[atticus]

Quote from Daal:

Do you have an options play in this?

Nothing. I don't play these small floats.

 

[m22au]

Quote from Daal:

Do you have an options play in this?

I'm thinking about selling some OTM calls, given that the lockup expiry today should result in significant overhang for the stock.

But at this stage I'm too chicken to pull the trigger on the trade.

Maybe if it declines on heavy volume then I might change my mind.