hope you longs took the hint. I dont give them often. 2 many ingrates Im afraid you've been outtraded by a pro. Now you know why he's a very wealthy man Smarter than you
http://finance.yahoo.com/q/ks?s=IBKR though I'm not sure how to interpret this stats: cheap, expensive or wrong...
What is your thoughts about price after looking at IBKR stats on http://finance.yahoo.com/q/ks?s=IBKR BTW take a look at % held by insiders of GOOG. It is 1.07%, so they sold it almost all to grateful public in less then 3 yrs. Comparing it to TP's plans to sell in 8 yrs, it might be not that bad at all... Just shop and compare.
Those statistics don't mean anything to me. However, I think your comparison to GOOG is tenuous at best. If you will recall, GOOG was one of those IPOs that nearly everyone said was too expensive, and in fact, when it was priced was priced well below the initial price indications. I don't recall an IPO where people were less enthusiastic than GOOG. Next, there's a big difference in my mind between the insiders at GOOG and the insiders at IB. The insiders at GOOG were a bunch of kids with little knowledge about securities markets. On the other hand, Petterfly (sp?) for instance is a veteran in securities markets. I would expect a much more sophisticated perspective about securities pricing from him, than I would from the insiders at GOOG. Finally, I think the general market climate is completely different today than it was several years ago when GOOG went public. The fact that they both went public via a dutch auction doesn't seem particularly important to me. I think IB is an excellent company. I'm a customer. And perhaps I'm not the best observer of this situation since I'm not really an IPO buyer....never have been. But to me IB has a cyclical component in it's earnings...the retail brokerage business. Those earnings (or perhaps more importantly...the perception of those earnings) in a correction could change significantly. I was tempted on this IPO at the original range. Raising the price and raising the offering size to me took the juice out of it. So I didn't participate in the IPO. Now I would prefer to wait until the stock looks lower risk to me. Always possible of course that it will go up without me. But that's the beauty of the markets....we don't have to trade everything, or all the time. So all I do here is express a perspective. OldTrader
Thank you for clarity. Pointing to yahoo stats makes sense in my opinion because it is used by majority of folks. What else do you use instead? I agree that trading this stock now does not make much sense.