IBKR opens @ 50 or so.
- Thread starter demoship
- Start date
Now that the IPO is over there doesn't seem to be any point of following this stock unless your a long term holder.
Looks like Fools give it a green light http://www.fool.com/investing/general/2007/05/07/hal-9000-hits-wall-street.aspx
..."Because of its low cost structure, the company posted a stunning net profit of $734 million -- about $1.45 million per employee."
Such profit per nose is rare... would be good idea to apply for a position...
Guys, dont be mad at me for the hooliganism demonstrated by IB on this IPO.
I greatly respect TP who started out when he was 32 by buying an exchange seat on the AMEX in the late 1970s and working it with two others. However, this was unfair to prospective shareholders.
Loading the float, selling it to retail holders before it opened (whose only intention was to flip) on websites like sharebuilder, and raising the price up was a recipe for disaster.
I respect TP, but I dont respect this hooliganism. Now someone is left holding shares at 32 bucks while the pps sails down to the low 20s where it should have been priced in the first place.
When I think of the IB ipo, it seems too much like vonage. I'll move on from this thread. I've stated my piece.
For the record, I did try to call IB customer service to see if short shares were available. I waited an hour to speak to someone and then when I asked my question, they said they would call me back as they had to ask someone else. I never received a callback. Customer service!!!
I greatly respect TP who started out when he was 32 by buying an exchange seat on the AMEX in the late 1970s and working it with two others. However, this was unfair to prospective shareholders.
Loading the float, selling it to retail holders before it opened (whose only intention was to flip) on websites like sharebuilder, and raising the price up was a recipe for disaster.
I respect TP, but I dont respect this hooliganism. Now someone is left holding shares at 32 bucks while the pps sails down to the low 20s where it should have been priced in the first place.
When I think of the IB ipo, it seems too much like vonage. I'll move on from this thread. I've stated my piece.
For the record, I did try to call IB customer service to see if short shares were available. I waited an hour to speak to someone and then when I asked my question, they said they would call me back as they had to ask someone else. I never received a callback. Customer service!!!