[isaacdstern]

http://blogs.wsj.com/moneybeat/2015/.../?mod=yahoo_hs

[bizloanbroker]

The headline kind of says all that needs to be said

[Sean Cash]

stock price is down in the 18s already.

[isaacdstern]

stock is trading at 17.90

[MechantLoans]

Ondeck's CEO pitch is the following, "OnDeck Capital, is going to make bank loan officers as obsolete as travel agents. CEO compares OnDeck to Amazon (AMZN), Priceline (PCLN), and Zillow (Z). “Financial services is being disrupted—full stop,” he says. “Lending is one of the last industries to be transformed.”

Whoever is buying this, doesn't understand this industry at all.

[isaacdstern]

od.JPG

[mcaguru]

I hope this rebounds for the sake of those that bought on the first day in the upper 20's

[isaacdstern]

that's not a pretty chart

[mcaguru]

Isaac why don't you look at it like they are selling pieces of there company ( short term) for 35% discount then a week ago>?

[Natan]

ONDK initial expected pricing range was only $16-$18, so let's keep things in perspective. IMO it's more likely the hype is deflating than anything else..

(Remember FB)... $42-->$18-->$80, highly unlikely in this case, but market is volatile in the short-term.

http://www.reuters.com/article/2014/...0JV0AO20141217

[isaacdstern]

lol

Isaac why don't you look at it like they are selling pieces of there company ( short term) for 35% discount then a week ago>?

[MatthewAStucchio]

The comparison to Facebook is relevant I guess (ONDK reps tech) so you are talking apples to apples but in my opinion a shiny George Washington to one of those apples you find when your mountain biking that your scared to eat. If you look at the chart/IPO price we are right at support levels and earnings are around the corner. Breakthrough in support/shaky earnings and this could get a little rough.. good thing they got deep pockets

[MCAVeteran]

Agee also gave lending club a rating of underperform and target price of 17.75

He noted some concerns and challenges

[Natan]

If you look at the chart/IPO price we are right at support levels and earnings are around the corner. Breakthrough in support/shaky earnings and this could get a little rough.. good thing they got deep pockets[/QUOTE]

The comp to FB was related to the vol not the sector or industry type..

Also, I wouldn't be too hasty to draw trend and support lines when the company has only been publicly traded for less than a month.

Waiting for options to start trading it anyway.