IBKR opens @ 50 or so.
- Thread starter demoship
- Start date
-4.47%
how do you like them apples funny boy.
Disclosure: I have no position.
1. I was interested in Friday, a good broker by reputation and selling at P/E of about 25.,,dadadadada....
(problems)
2. First day's tape was weak. Auction model?
3. CEO, in an article by marketwatch, indicated that although 10%(40 million shares, after fact) was sold in IPO, they plan to sell 8-10% for the next 10 years, EACH YEAR.
NOW I GOT A PROBLEM WITH THIS , WHO IS GOING TO BUY THIS STOCK WHEN YOU WANTS TO SELL 40 millions shares everyyear?
1. I was interested in Friday, a good broker by reputation and selling at P/E of about 25.,,dadadadada....
(problems)
2. First day's tape was weak. Auction model?
3. CEO, in an article by marketwatch, indicated that although 10%(40 million shares, after fact) was sold in IPO, they plan to sell 8-10% for the next 10 years, EACH YEAR.
NOW I GOT A PROBLEM WITH THIS , WHO IS GOING TO BUY THIS STOCK WHEN YOU WANTS TO SELL 40 millions shares everyyear?
You guys are getting too cranky over this ipo and me kidding around. I know that some of you may have invested cash into this thing and are still holding. Some of you may have swung a quick buck, congrats. However, this had every making of a bad deal and I have been negative on this thing since before it opened.
They increased the float, upped the offering price, they offered shares to the public (remember vonage) and it appears everyone who got shares sold them on the first day. There was a lot of hype with news releases of "massive demand".
Then you have to look at general market conditions. How are the other online brokers doing? How are small cap stocks doing? How have the majority of IPOs performed year to date? The answer to those two are mediocre to bad. I only see a few stunners out of the ipo line-up this year. Even the IPOs written by Goldman, seem to be spinning wheels which is astonishing seeing that most of their ipos last year hit it out of the park.
I dont see this stock making any heavy appreciation in the future. In fact, I see it hitting 25 before 30. It may even head down to the teens.
Sorry to be the Herb Greenberg of elitetrader, however, the truth is the truth. IB should have priced the stock more attractively with less float. They shouldnt have been selling shares on sharebuilder.com (yes they did, haha) and to their own customers (voooonnnaagggeeee!). Then look at the underwriter: W.R. Hambrecht & Company, LLC. When have we seen good stuff from these guys????
Look at NMX which still continues to linger in the 120s. It should have been priced lower from day one and not so overhyped. NMX will continue to linger in the 120s until it starts snowing around here.
As for me kidding around and my credibility, the credibility goes to the one who is most right. I dont care if you are wearing a clown suit as long as you deliver me some winning information. A well composed man in a suit with bad information is more of a clown then the guy in the clown suit with the right information.
Sorry if you lost some cash on this ipo (and congrats if you won some too). The lessons of jumping on an IPO the first day are harsh. Chances are that you will lose cash. I always wait until the first conference call and want to see at least 3 analysts jump on board bulling it up. Ive been a victim too of jumping on this kind of hype and I paid dearly wishing that I stuck with the ishares large cap value. Thats how you learn though.
They increased the float, upped the offering price, they offered shares to the public (remember vonage) and it appears everyone who got shares sold them on the first day. There was a lot of hype with news releases of "massive demand".
Then you have to look at general market conditions. How are the other online brokers doing? How are small cap stocks doing? How have the majority of IPOs performed year to date? The answer to those two are mediocre to bad. I only see a few stunners out of the ipo line-up this year. Even the IPOs written by Goldman, seem to be spinning wheels which is astonishing seeing that most of their ipos last year hit it out of the park.
I dont see this stock making any heavy appreciation in the future. In fact, I see it hitting 25 before 30. It may even head down to the teens.
Sorry to be the Herb Greenberg of elitetrader, however, the truth is the truth. IB should have priced the stock more attractively with less float. They shouldnt have been selling shares on sharebuilder.com (yes they did, haha) and to their own customers (voooonnnaagggeeee!). Then look at the underwriter: W.R. Hambrecht & Company, LLC. When have we seen good stuff from these guys????
Look at NMX which still continues to linger in the 120s. It should have been priced lower from day one and not so overhyped. NMX will continue to linger in the 120s until it starts snowing around here.
As for me kidding around and my credibility, the credibility goes to the one who is most right. I dont care if you are wearing a clown suit as long as you deliver me some winning information. A well composed man in a suit with bad information is more of a clown then the guy in the clown suit with the right information.
Sorry if you lost some cash on this ipo (and congrats if you won some too). The lessons of jumping on an IPO the first day are harsh. Chances are that you will lose cash. I always wait until the first conference call and want to see at least 3 analysts jump on board bulling it up. Ive been a victim too of jumping on this kind of hype and I paid dearly wishing that I stuck with the ishares large cap value. Thats how you learn though.
