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. Looks like a nice short. No options trading.
I can see the headline now: "IBKR-Interactive Brokers shares tank to low 20's days after claiming the HOTTEST IPO for retail players."
A "shitload". I'm going thru the Treasury Website,and I don't see "shitload". Which Prez is on the bill?
I have to short it outright. They're not making puts or calls. Shitload is defined as a minimum of 5 digits (on a single security).
Anyone else having problems logging onto their site? Its been a hassle all day. Looks like they are having trouble handling the (i suppose) higher volume.