Sinking like a lead weight.
Quote from ByLoSellHi:
I'm not an expert, but after feeling good after shorting Yahoo on its intraday high (and making a shitload of money in 3 hours), I think there's a reasonable chance that this could sink to the $25ish area lower.
Much lower if this overall market sees a summer slump....retail traders are already pulling money out of the market (confirmed fact), and a break down will accelerate this process. Since IB's revenues come from retail trading, duh.
IBKR with a market cap greater than the CBOE?
Yeah.
I'm going to buy some puts. Maybe a lot.
