One Last Meal for the Dead and Dying

The online brokers need a hit record.  About as badly as Kelly Clarkson does right about now – one more shot of juice to keep things moving or else it’s state fairs and Sears grand openings forever.

Brokerage firm equities trading has been a dead and dying business as the majority of investors yank money from portfolios and the more aggressive traders swim upstream (downstream?) to the options, futures and forex sites.

But the online brokerages are really excited today…

From MarketWatch:

“All of our customers are primarily going to trade the Facebook IPO in the secondary market…We’ll see lot of intraday trades; a lot of volatility. Customers will try to buy it at $65 and then jump out at $70 and then buy again if it goes back down.”

“It turns the light on in a dark room…It draws attention to the deal and the marketplace. People follow along and then look to the next deal.”

And from ValueWalk:

Ameritrade spokeswoman Beth Evegan said to MarketWatch, “IPOs drive trading volume for Main Street. Twenty-one percent of our clients that bought GM on the day of its IPO had not traded in three months. So one of the bright spots we observed was the IPOs bring about some re-engagement from retail investors who previously were sitting on the sidelines.”

Facebook IPO as economic stimulus for the online brokerage biz.  Adorable.

 

What's been said:

Discussions found on the web
  1. Afterhrsclinic commented on Oct 14

    … [Trackback]

    […] Here you can find 54763 more Information to that Topic: thereformedbroker.com/2012/05/18/one-last-meal-for-the-dead-and-dying/ […]

  2. 안전공원 commented on Oct 20

    … [Trackback]

    […] Here you will find 89635 additional Info on that Topic: thereformedbroker.com/2012/05/18/one-last-meal-for-the-dead-and-dying/ […]

  3. bmo online banking canada commented on Nov 14

    … [Trackback]

    […] Find More on that Topic: thereformedbroker.com/2012/05/18/one-last-meal-for-the-dead-and-dying/ […]

  4. tangerine online log in commented on Nov 26

    … [Trackback]

    […] Read More on that Topic: thereformedbroker.com/2012/05/18/one-last-meal-for-the-dead-and-dying/ […]

  5. movies123.video commented on Nov 30

    … [Trackback]

    […] Here you can find 22980 more Information on that Topic: thereformedbroker.com/2012/05/18/one-last-meal-for-the-dead-and-dying/ […]

  6. her explanation commented on Jan 05

    … [Trackback]

    […] There you will find 19328 more Info to that Topic: thereformedbroker.com/2012/05/18/one-last-meal-for-the-dead-and-dying/ […]

Read this next.