IBKR (Interactive Brokers) getting POUNDED!!!!!!!

Well,

I must admit. I went ahead and reduced my IB account balances by 2/3rd's.

I still have the funds to continue operations at my current levels (position sizes).

I made this decision when IBKR was making new all time lows... I had visions of IB/Timberhill blackswan with option positions, and the stock (at the time) was not telling me otherwise.

I have confidence in IB. I still have a substantial amount of money across more than one account. I just didn't want to lose "my" liquidity (even if it were only a day) A nice percentage of my net worth was there.

I kinda felt silly doing it... That is until the email and bulletin. I wonder if that increased or decreased transfers?

BTW: I am not all doom and gloom; I sold LEH puts today.
 
atticus - i would hold at least a portion of those 10k shares as an investment

Thomas Peterffy is a god - he would never allow is firm to take insane risks.....IBKR is rock solid.
 
Quote from atticus:

ACH transfers take at least two days to hit your account.
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I withdrew Thursay before 1:00pm cst, and it was their Friday morning when I woke up.

I have never had any problem getting my money out of IB.
 
Just thinking out loud. If IB were not safe, what broker is? GS, UBS, MES, MER? Can any broker be called 'rock solid' right now? I have my doubts.
 
Quote from RAY:

Well,

I must admit. I went ahead and reduced my IB account balances by 2/3rd's.

I still have the funds to continue operations at my current levels (position sizes).

I made this decision when IBKR was making new all time lows... I had visions of IB/Timberhill blackswan with option positions, and the stock (at the time) was not telling me otherwise.

I have confidence in IB. I still have a substantial amount of money across more than one account. I just didn't want to lose "my" liquidity (even if it were only a day) A nice percentage of my net worth was there.

I kinda felt silly doing it... That is until the email and bulletin. I wonder if that increased or decreased transfers?

BTW: I am not all doom and gloom; I sold LEH puts today.
More...
Quote from Aaron Copland:

Due an ACH and transfer your money to your checking account. Better to be safe than sorry you can always put it back no problem.
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I'm with you guys and that's why I did it. But MAESTRO, who I really respect, in another thread, said his group has millions over there and he's not worried so that was reassuring. Just being cautious. :)
 
Quote from Aaron Copland:

They should have never went public. The should have stayed private.

It's just to easy to drive them out of business now that they are public.
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Tp didn't show up in the Forbes rich list either.
 
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