Back in November 2011, I cerebrated GRPN’s IPO, calling up the ghost of Robert Schiller to keep the home fears chilled.
The IPO went at $20, soared quickly, fizzled just as quickly, and is down to the $17s. Here’s the latest chart.
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Ontologia
FOO has nothing to do with Chinese food, foo fighters (the band or UFOs, take your pick), or Winnie the bear.
It stands for “Fooled Only Once.” Confusion trumps self-delusion.
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Groucho M!
