I value your opinion especially on banks. I have been a large user of Ally bank for CD's for some time. What do you think of their newly issued public offering (symbol ALLY)? It is down slightly from it's issue price of $25.
dg_946_f,...............ALLY is down about 4% from it's IPO price of $25., not too bad. There are many considerations, ALLY had good sized losses and has a discrimination settlement to pay out. The FB IPO went boom and then bust. I stayed away from FB until it was considerably below the IPO and have been trading it heavily, my best performer this year. Sometimes, it is prudent to wait for the dust to settle. Interest rates will rise at some time and the majority of the banks will benefit.................Regards,.....Kid