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01-15-2015 , 06:21 PM

#51

SenatorKevin

veteran

Join Date: May 2007 Posts: 2,905

Quote:

Originally Posted by tannenj

^very unprofessional personal vent by the WSJ writer, IMO

Oh haha, that line was me. I forgot to close out the quote. Joys of posting late at night.

It's bounced off 20 back to 22. So we'll see.

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01-15-2015 , 07:29 PM

#52

Mubsy Bogues

banned

Join Date: Jul 2014 Posts: 1,265

Still holding. This turbulence is nuts, though. I wish the market would decide what's it's worth already so we don't have to swing 5% a day on no news.

Quote

01-15-2015 , 07:56 PM

#53

SenatorKevin

veteran

Join Date: May 2007 Posts: 2,905

Quote:

Originally Posted by Mubsy Bogues

Still holding. This turbulence is nuts, though. I wish the market would decide what's it's worth already so we don't have to swing 5% a day on no news.

Welcome to the world of IPOs.

Quote

01-15-2015 , 08:40 PM

#54

HiDhere

journeyman

Join Date: Sep 2011 Posts: 310

Quote:

Originally Posted by Mubsy Bogues

Still holding. This turbulence is nuts, though. I wish the market would decide what's it's worth already so we don't have to swing 5% a day on no news.

Or is it because of the market this year? I've had multiple stocks swing 5% each way everyday for at least the past week.

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01-15-2015 , 08:49 PM

#55

Mubsy Bogues

banned

Join Date: Jul 2014 Posts: 1,265

Quote:

Originally Posted by HiDhere

Or is it because of the market this year? I've had multiple stocks swing 5% each way everyday for at least the past week.

Probably a bit of both but LC swings way harder than anything else I own (tech heavy). And some days like today everything else I own goes one way and LC goes the other.

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01-21-2015 , 01:55 PM

#56

Mubsy Bogues

banned

Join Date: Jul 2014 Posts: 1,265

Nice little -6% day

Love this stock

Quote

01-25-2015 , 04:39 AM

#57

pig4bill

Carpal \'Tunnel

Join Date: Dec 2005 Posts: 33,817

Quote:

Originally Posted by Henry17

I was pitched the idea of P2P lending in 1998 and I thought it was a doomed idea and I still feel that way. P2P lending 1.0 imploded but after the relaunch it has done quite well. I think that is temporary. The environment is perfect for 2P2 lending right now so the timing is ideal for the IPO but I am sticking with once lending conditions return to normal these sites will implode.

They won't return to "normal". New regulations because of the banking crisis now restricts how banks can lend, so there will always be a niche for these kinds of lenders. If anything, they will grow.

Quote

01-25-2015 , 09:45 AM

#58

Henry17

Carpal \'Tunnel

Join Date: Aug 2007 Posts: 27,710

Quote:

Originally Posted by pig4bill

They won't return to "normal". New regulations because of the banking crisis now restricts how banks can lend, so there will always be a niche for these kinds of lenders. If anything, they will grow.

I'm not American so I can't speak to regulations but I was thinking more of interest rates. There is a range of risk when it comes to lenders and as interest for safer borrowers increase obviously the rates to riskier borrowers also increase. The impact of this on p2p lending would be to have the safest borrowers currently using p2p to shift back to traditional lenders thus increasing the average risk of the p2p group as a whole. Simultaneously you have that remaining group paying higher servicing costs which also increases defaults.

Quote

05-10-2016 , 03:15 AM

#59

Shoe

Carpal \'Tunnel

Join Date: Jul 2004 Posts: 11,869

Darn I was really meaning to short this but lost track over the last year or two, I was hating on it back in the 2014 trading thread too. I was just as pessimistic about fitbit about year ago too, oh well, live and learn. I really need to start doing some more long-term, out of the money options in cases like this.

Last edited by Shoe; 05-10-2016 at 03:26 AM.

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05-10-2016 , 04:10 PM

#60

rafiki

Carpal \'Tunnel

Join Date: Jan 2006 Posts: 40,126

What did OP end up doing with his shares?

Quote

05-10-2016 , 08:26 PM

#61

formula72

Pooh-Bah

Join Date: Mar 2007 Posts: 4,322

Quote:

Originally Posted by rafiki

What did OP end up doing with his shares?

Sold them and bought ZNGA.

Quote

05-11-2016 , 07:13 AM

#62

Babayan

newbie

Join Date: Mar 2016 Posts: 29

For those who still be interested in IPO, I would recommend to read this article It provides general overview of IPOs of 2015 and basic tendencies.

Quote

05-14-2016 , 01:59 AM

#63

WishWashMan

banned

Join Date: Apr 2016 Posts: 72

i want to lend deadbeats on lending club $10,000 . What kind of return can i expect to be offered? 10%----14%?

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