I wouldnt buy the IPO for one reason. Look at all the other online brokerage stocks. None of them appear to be doing well and ALL of have issued bearish guidance.
If there are so many bears out there about online brokers, then who will buy the stock?
Now you might see news releases of the IPO being "oversubscribed", but its all hype. Nothing but hype.
I bet it drops a few points or more before its a buy.
If there are so many bears out there about online brokers, then who will buy the stock?
Now you might see news releases of the IPO being "oversubscribed", but its all hype. Nothing but hype.
I bet it drops a few points or more before its a buy.