I think IB is the biggest bubble that needs to burst

Discussion in 'Retail Brokers' started by JSOP, Jan 29, 2021.

  1. JSOP

    JSOP

    For years, they have been allowed to exist with non-existent customer service, slow, error-prone, bug-ridden software, unscrupulous execution policy, unfair margin policies. Their google review score is 1.7/5. Everybody who's ever used their service had nothing positive to say and yet their shares are trading at $60.XX??!! If GME was trading at $4 because supposedly nobody wanted to go to their stores, how can a company that everybody hates can fetch a stock price of $60.XX??!!

    If you want to short a stock, short IB! It's time IB gets brought down to the value that it deserves if you want to talk about bursting bubbles.
     
    Zor_Champ, terzioglu and gkishot like this.
  2. Overnight

    Overnight

    Why don't you post that to the Reddit community? I hear that sort of thing can be profitable.
     
    qlai likes this.
  3. ktm

    ktm

    Are you an IB account holder?

    If yes, why are you still there? If no, why does any of this bother you?
     
    jys78, Kust, taojaxx and 2 others like this.
  4. kmiklas

    kmiklas

    Is there another broker that offers a comparable API to the retail crowd? Available in C#, Java, VB, Python, and C++?
    https://interactivebrokers.github.io/tws-api/introduction.html
     
    ITM_Latino, sysdevel99, ET180 and 2 others like this.
  5. JSOP

    JSOP

    ET is just as good as Reddit. The question is do you have the balls to play it?? Reddit's got balls. Do ET'ers have balls?? That is the thing... @Overnight, you play futures, crude futures, something ten times risky, do you have the guts to short a little stock like IB?? :sneaky:
     
    terzioglu likes this.
  6. Back when I joined IB in 2012, they were the cheapest broker around. But now there are several "commission free" brokers that that get paid by HFT bros for order flow so that the HFT bros can front run you.
     
    taojaxx likes this.
  7. JSOP

    JSOP

    Do you work for IB? Are you an IB shareholder? If yes, what are *you* doing here?

    It bothers me because there are bubbles. We need to burst bubbles. IB is the biggest bubble that need to burst.
     
  8. ZBZB

    ZBZB

    TP is waiting for an offer from a large bank. I wouldn’t like to be short when the last independent brokerage gets bought.
     
    jys78 and cesfx like this.
  9. JSOP

    JSOP

    Do we really need this crappy API??! Half of the time it doesn't connect. And when it connects, it doesn't even process the data right. API is outdated.
     
    terzioglu likes this.
  10. Overnight

    Overnight

    Trading in an individual stock is ten worlds away from trading the index futures. You know this. And since I don't trade stocks per se, I can't tell you whether it would be worth trying to short IB.

    For the record, I am generally against shorting a company. If I believe in a company, I would want to long the stock so I may participate in it's growth, and the rewards that follow. If I do not believe in a company, I would not short it, but rather stay away from it altogether.
     
    #10     Jan 29, 2021