Fallout from Knightâs technology missteps could also bring pressure to bear on similar public companies. One is Greenwich, Conn.-based Interactive Brokers Group Inc., which runs both a discount brokerage business and a market-making arm that is similar to Knightâs trading division...
Last year, they were within hours of buying MF Global, which is now bankrupt with over a billion dollars still unaccounted for. Talk about risky business....
Corzine out of money? I bet he has over a billion dollars stashed in some overseas bank account under someone else's name.
No proof? He was the only adult with experience in "high finance" in this amateur shop called MF Global.
I did the same thing. Gave up the ever-increasing cable TV for the free over-the-air HDTV last year.
I was very surprised by the excellent quality and the number of channels (over 90) available in my metro area.
I also dropped my cable phone service after switching to the free Google...
I hope Mark Cuban is holding his 150,000 shares. :D
It's time to average down!
Mark Cuban Buys 150K Facebook Shares
http://www.forbes.com/sites/ericsavitz/2012/05/24/mark-cuban-buys-150k-facebook-shares-for-trade-not-an-investment/
Feel bad for the market making firms? :p They have ripped me off too many times!
FB price simply reflects the supply and demand for the shares. The demand was great before the IPO, but not afterwards.
With the treasury yields dropping so low, any profitable company could be considered as a valuable yield generator.
IBKR is also trading near the bottom of its price range.
Do you think some bigger firm will take over IB one day?
These firms come to my mind -- investment banks like GS and MS, retail brokers like E*Trade and Ameritrade, and maybe even private equity?