Such a tight SL right before a weekend? A bit risky, no? If you are unleveraged, I'd remove the SL altogether. If the short term TP goal isn't reached, turn it into a longer term hold.
IBKR (Interactive Brokers) getting POUNDED!!!!!!!
- Thread starter chewbacca
- Start date
Such a tight SL right before a weekend? A bit risky, no? If you are unleveraged, I'd remove the SL altogether. If the short term TP goal isn't reached, turn it into a longer term hold.
What is the analysis behind this trade?
I read the conference call and as I see it Ibroker just reported a quarter that was slightly below expectations with no guidance. Traders took it as a bad sign and sold it off. Most traders were probably expecting a much better call and so the earnings below expectations took it down in an exagerated manner.
I dont see the fundamentals of an online broker in today's economy, but apparently they appear to be doing quite well. So if Ibroker is doing well during a poor economy then what will happen when things start to pick up? I think this little bit of capitulation is a prelude to a much greater rise somewhat like RIMM was doing these last few years where there were pops/drops all the way up.
I drew a chart that makes sense to me and I think it will probably go back to 34.
I read the conference call and as I see it Ibroker just reported a quarter that was slightly below expectations with no guidance. Traders took it as a bad sign and sold it off. Most traders were probably expecting a much better call and so the earnings below expectations took it down in an exagerated manner.
I dont see the fundamentals of an online broker in today's economy, but apparently they appear to be doing quite well. So if Ibroker is doing well during a poor economy then what will happen when things start to pick up? I think this little bit of capitulation is a prelude to a much greater rise somewhat like RIMM was doing these last few years where there were pops/drops all the way up.
I drew a chart that makes sense to me and I think it will probably go back to 34.
that way, you can pay more in slippage and commissions
Quote from Port1385:
What is the analysis behind this trade?
I read the conference call and as I see it Ibroker just reported a quarter that was slightly below expectations with no guidance. Traders took it as a bad sign and sold it off. Most traders were probably expecting a much better call and so the earnings below expectations took it down in an exagerated manner.
I dont see the fundamentals of an online broker in today's economy, but apparently they appear to be doing quite well. So if Ibroker is doing well during a poor economy then what will happen when things start to pick up? I think this little bit of capitulation is a prelude to a much greater rise somewhat like RIMM was doing these last few years where there were pops/drops all the way up.
I drew a chart that makes sense to me and I think it will probably go back to 34.
I agree 100%. But I don't think it's really the economy per se, but more likely general fear of the financial sector that has kept this IPO from ever getting off the ground. That it is gaining at all is a very goood sign. I could easily see this one turn into the next RIMM. IBKR currently has a P/E of 1 - 2.
Quote from short&naked:
I agree 100%. But I don't think it's really the economy per se, but more likely general fear of the financial sector that has kept this IPO from ever getting off the ground. That it is gaining at all is a very goood sign. I could easily see this one turn into the next RIMM. IBKR currently has a P/E of 1 - 2.
Hey sucker IB p/e is not that low .You also have no idea about what you are talking about. Read a few books before making any more ignurant commints.
