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FXCM Stock Price Jumps Over 50% Again Today

  • #1
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  • First Post: Jan 3, 2016 3:23am Jan 3, 2016 3:23am
http://www.financemagnates.com/forex...0-again-today/
  • #2
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  • Jan 3, 2016 5:32am Jan 3, 2016 5:32am
The share price of FXCM (NYSE:FXCM) has rallied over 70% this morning on the New York Stock Exchange. As of 11:20 AM Eastern Standard Time the stock has surged over $19. FXCM shares have been doing very well recently, with the price increasing by double digits a number of times.

Considering that the FXCM share price was as low as $5.20 on December 11 2015, the figure has more than trebled in less than three weeks. This leads to a lot of interest and questions on social media and investor forums regarding its performance, however the cause is not yet obvious.

Last time we reported that the FXCM stock jumped over 50%, it was after the firm merely reminded shareholders about its intentions going forward. While nothing new has been provided to the market in terms of specific information, the mere mention was enough to force a huge short squeeze in shares of FXCM.

Just a few days later the FXCM stock increased by double digits again,raising over 42% while the Dow Jones dropped 367 that day. One fundamental driver that we thought might be in play, and that may lead to value players still becoming interested in FXCM, was news that BATS Global Markets has filed intentions to go public. With their $365 million acquisition of Hotspot FX from KCG earlier in the year, the IPO filing provided more clarity on that deal. With FXCM putting its 35% stake of FastMatch, a Hotspot rival, on the market to cover a portion of its Leucadia debt, the BATS filing provides more clarity on valuations.
  • #3
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  • Jan 3, 2016 12:22pm Jan 3, 2016 12:22pm
i had been timing this stock for quiet a while... too bad i could not trade it as a foreigner...
practising coitus interruptus
  • #4
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  • Jan 3, 2016 1:52pm Jan 3, 2016 1:52pm
Quoting avibe
i had been timing this stock for quiet a while... too bad i could not trade it as a foreigner...
Buy Low Sell High
  • #5
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  • Jan 3, 2016 2:09pm Jan 3, 2016 2:09pm
Quoting PoundTrader
The share price of FXCM (NYSE:FXCM) has rallied over 70% this morning on the New York Stock Exchange. As of 11:20 AM Eastern Standard Time the stock has surged over $19. FXCM shares have been doing very well recently, with the price increasing by double digits a number of times. Considering that the FXCM share price was as low as $5.20 on December 11 2015, the figure has more than trebled in less than three weeks. This leads to a lot of interest and questions on social media and investor forums regarding its performance, however the cause is not...
I should have bought rather than wait for insiders to buy :-)
http://www.forexfactory.com/showthre...23#post8641123
http://www.forexfactory.com/showthre...72#post8653672
  • #6
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  • Jan 3, 2016 2:18pm Jan 3, 2016 2:18pm
Good move fxcm. Collecting from the poor slobs owing millions to fxcm due to the Swiss franc debacle is really paying off ... (:
  • #7
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  • Jan 3, 2016 3:26pm Jan 3, 2016 3:26pm
Quoting srt
{quote} I should have bought rather than wait for insiders to buy :-) http://www.forexfactory.com/showthre...23#post8641123 http://www.forexfactory.com/showthre...72#post8653672
  • #8
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  • Jan 4, 2016 5:14am Jan 4, 2016 5:14am
The FX Industry is insanely profitable. Nobody - and I really mean Nobody - want to abandon on those profits.

That's why I always find it highly unlikely that FXCM will go bankrupt, since there will be someone who does not want to Abandon on those Profits and help them out. That's why I bought a large number of FXCM Shares.

And this is exactly what happened now. I think that the stock, over time will go back over 10$ again because FXCM's Management might buy other Companies to grow again.
Forex is a losers game.
  • #9
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  • Jan 4, 2016 1:55pm Jan 4, 2016 1:55pm
Quoting trader121
The FX Industry is insanely profitable. Nobody - and I really mean Nobody - want to abandon on those profits. That's why I always find it highly unlikely that FXCM will go bankrupt, since there will be someone who does not want to Abandon on those Profits and help them out. That's why I bought a large number of FXCM Shares. And this is exactly what happened now. I think that the stock, over time will go back over 10$ again because FXCM's Management might buy other Companies to grow again.
  • #10
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  • Jan 4, 2016 6:28pm Jan 4, 2016 6:28pm
I should have loaded the boat when it was trading between $1 and $2...oh well.
  • #11
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  • Jan 4, 2016 7:56pm Jan 4, 2016 7:56pm
Quoting numbrcrunchr
I should have loaded the boat when it was trading between $1 and $2...oh well.
If you adjust for the 10-for-1 reverse split, the stock is currently trading @ 1.57 and not 15.77 if you want to compare to the $1-$2 price range it was trading at.
  • #12
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  • Last Post: Jan 4, 2016 10:48pm Jan 4, 2016 10:48pm
Quoting numbrcrunchr
I should have loaded the boat when it was trading between $1 and $2...oh well.
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