I will feel much better when i own this stock at 8 than i did when it opened up at 21. I do believe in Mike but that last dollar to 21 instead of 20 showed that he is no different that the rest. Greed won, now i must root against him to be able to make some real money here.
Everyone you talk to?? You are either talking to the bank people, which in this case will tell you that because they are sitting on over priced stock themselves, or the brokers involved in the offering which in this case don't want to look like they screwed us. This was to be priced at 14 when this started and B of A kept telling the nelnet people we can get more. The only reason we wanted this stock was the belief in Mike and mini me Butterfield!!! As i said before, when it was priced at 21 it showed the real greed out there. Dont pull a Journal star and say everyone i talk to. Tell us who says this and why. Have facts and figures to support your views. This is very much high risk and high reward stock, but the high risk should not come with an outlandish price to get in. The only people you will see covering this stock when they are legally able, will be the firms that did the offering. I think this will be a growth company, as you should be betting the jockey in this case. Mike has proven his ability to make money and will do so in the future. I just think its way over priced and will be very attractive in the high single digits or low teens.