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... and if you really don't like Groupon's numbers you can short the stock. Although, I'm not sure how practical that is for the individual investor. You can take a look at the most recent tech IPOs and see what you think. (dang, yoku, dmd, qlik, smt, motr, logm, ftnt, swi)

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Even shorts who are eventually right still get blown up unless they correctly anticipate when the market will realize the price is too high. Put options aren't dangerous like this for the buyer (your loss is limited to the price of the option) but you have to wait for sellers to decide to start writing those, and I don't know much about holding or trading them.

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