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iRobot Corporation Message Board

fracas_dan 4 posts  |  Last Activity: Apr 6, 2014 11:07 PM Member since: Oct 26, 2010
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  • fracas_dan fracas_dan Apr 6, 2014 11:07 PM Flag

    I would say Interactive Brokers is an order of magnitude better than Ameritrade when it comes to fills. Even when I use SMART routing, I "usually" get filled okay, and of course since it's a per-share commission, it doesn't matter as much. On Ameritrade, if I see 1000 on the bid and I hit it with a 1000 share limit sell, I will get screwed probably 80% of the time. I suspect there's some implicit collusion going on since whomever their selling their order flow to obviously helps Ameritrade make more commission with this type of front-running.

    Yes I realize this won't happen when I buy AAPL, but I trade a bunch of mid-caps which might have 200K daily vol and experience this #$%$ all the time.

  • I really hate it when I send a 1000 share limit sell order when there's 1000+ size on the buy, I get filled 100 shares and the bid evaporates. I'm sure EVERYONE who uses Ameritrade who uses limit orders has experienced this. Besides getting scalped, I end up paying 2-3x commissions just to close out my damn position.

    After reading Flash Boys, I can see exactly why this is happening. Ameritrade needs an IEX hookup and stop sending all my orders to Citadel to get run over by their HFT!

    Sentiment: Strong Sell

  • Reply to

    WOW...Estimates slashed but stock hits new high.

    by n16m15 Feb 11, 2014 10:51 AM
    fracas_dan fracas_dan Feb 11, 2014 11:59 AM Flag

    The trick now is figuring out whether the slash was real, or they're just bringing down estimates to set up for a hefty first quarter beat. If the latter, this could easily see $50 in April.

  • Reply to

    Just buy a bunch and hold it

    by cdc_philly Feb 9, 2014 8:14 PM
    fracas_dan fracas_dan Feb 10, 2014 12:22 PM Flag

    Agree that IRBT has a chance to go up 50% from here. I do think it's good to hold a core position in the stocks you believe in. I've owned IRBT for a couple of years now on the reputation of the CEO and my belief in robotics being a huge growth sector in the near future. However, I'm also a trader and think IRBT is in for some volatility in the short-term and should be TRADED, not blindly held. If you owned in the 20's and didn't take a profit at $39 with the iffy guidance no-less, I think it's pretty stubborn. I've added back in at $37 and will average in slowly if it goes down, and will sell some if it goes back up. Just think this is a better stock to swing trade for $2 at the moment than waiting for a home run.

IRBT
38.29+1.44(+3.91%)Apr 16 4:00 PMEDT

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