New On Deck Program
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  1. #1
    Senior Member Reputation points: 1538
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    New On Deck Program

    I was checking to see On Decks stock price (right now its down to $17.50) and just saw this article

    http://www.nasdaq.com/press-release/...20150121-00198

    I dont know a ton about lending club, but this certainly looks like something similar to what they offer except its only being rolled out to institution investors

    What is interesting is that even with this announcement today their stock is still down nearly 5%.

  2. #2
    Senior Member Reputation points: 17416
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    OnDeck Marketplace has been around for a while. That is money behind the enhanced offers you might get from them. It is basically syndication.

  3. #3
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    Also their earnings call is next Monday. It will be interesting to see how the stock performs.

  4. #4
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    the stock is trading under 17.50

    There is still time to short it

  5. #5
    A forum user Reputation points: 2147483647 Sean Cash's Avatar
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    Quote Originally Posted by mcg168 View Post
    What is interesting is that even with this announcement today their stock is still down nearly 5%.
    buy the rumor, sell the news?

  6. #6
    Senior Member Reputation points: 13596 isaacdstern's Avatar
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    trading under 17

  7. #7
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    Earnings are next week, the stock is going to tank again.

    I am going to pick up some more puts today

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