Still a ways to go before it reaches Vonage status . I assume you are short large with such a strong opinion, so we can assume large gains if you are right and large losses otherwise. Looks like some mobsters, aka 'traders' pulled a fast one in jolly Germany and ripped off the MM's, including IB. Assuming this was actually a conspiracy, , they may well get some form of return of capital. Don't know how 'fair' they are over there regarding manipulation and attempts to gain unfair advantage.
so why the hype, like I mentioned back nearly 2 months ago, look at OXPS and TRAD, both were at or near 52 week lows at the time this went public, now look where it trades, at a 52 week low.
......because the rich distribute to the masses at tops..... Rockerfeller Center, 1986 IBKR 2007 BX 2007 Remember, nothing is ever bought on WallSt. It is sold. Hence, the hype. Hence. I always wanted to use that. Hence! Harumph.
THEN: Bought 3,300 shares on 5/7/07 at $27.03. NOW: IBKR trading at around $25.54 for a 5.51% loss = -$4,950.00!!!
SELLING CALLS AGAINST STOCKS With selling Covered Calls, You transform the "buy price" in a more comfortable position, every and each months. Yous sell short 33 contracts! and more, and more contracts. For ex : sell 33 IBKR Dec 2007 25.0000 call (QBOLE.X) for $: 2.80 You receive 9,240$ Buy Back the call at $: 1.40 [or let exercise] After that , Sell short again the next month [January] contract Buy back again for the half of the price! With the money flow in the account, increase the number of shares, sell more contracts ... [1contract by hundred shares] Easy more secure No aldrenaline You will Love [May be Warren do that, [that is: writing covered calls] check on google] -------------------------------------------------- By doing that each and every month , you will have f.ex : $: 524,353.00 in FIVE years by receiving 3% each month with this method Verify by the link http://www.moneychimp.com/calculator/compound_interest_calculator.htm (89.000$ by 5 years, 36% /year paid 12 time) ------------------------------------------------------- See the image, link below