IBKR opens @ 50 or so.
- Thread starter demoship
- Start date
Wouldn't it be funny if this IPO also coincided with a May top in the equity markets. Oh the humanity!
Now if you receive "bad service" from IB you can short some shares to make up for it
Now if you receive "bad service" from IB you can short some shares to make up for it
how am I wrong? The NMX IPO was extremely demanded and hyped. My point is that after the hype, real value settles in.
The fact that IB's IPO opened only 10% above placement price tells that relative to the NMX IPO, this was relatively lackluster in demand. The bid/cover #s were a false indicator, since the nature of the participants of the auction has to be factored in.
Not saying the stock is worthless -- but it'll probably go nowhere for awhile and settle at 25.00-30.00.
Up to 50 in the near term is dreaming at its best.
Quote from TorontoTrader2:
Wouldn't it be funny if this IPO also coincided with a May top in the equity markets. Oh the humanity!
Now if you receive "bad service" from IB you can short some shares to make up for it
You should buy shares along with demoship and pump a $50 opening which was inaccurate by a long shot.
This is a dog of an IPO.
All those arguing 'fundamentals' or 'growth' or anything else aren't paying attention to the bid/ask.
Hips don't lie.
(FIG blew out earnings in Q1, and is still below its IPO price, and I'd rather own FIG [though I don't and won't] than this competitor-laden walrus)
All those arguing 'fundamentals' or 'growth' or anything else aren't paying attention to the bid/ask.
Hips don't lie.
(FIG blew out earnings in Q1, and is still below its IPO price, and I'd rather own FIG [though I don't and won't] than this competitor-laden walrus)
How many shares did you buy and at what entry?
I wan't you to come back and either gloat or take your bitter pill at a time certain.