No Love for NYSE
By Steve Abraham on Feb 28, 2007
Does anyone besides me think its odd that the Chicago Mercantile Exchange, a stock that I reviewed a few days ago, bounced up huge today but NYX hardly budged? Over 4 Billion shares traded on the NYSE yesterday. This week will probably be the heaviest volume week since after 9/11. I would imagine that will translate into to bigger profits next earnings report. The stock is already way down from its high. Cramer named this stock as his number one growth pick of the year when it was trading near 100. At current levels, it may be worth a look. Here is the stock market chart:
This entry was posted on Wednesday, February 28th, 2007 at 6:49 pm and is filed under Annotated Analysis.
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2 Responses to “No Love for NYSE”
By Steve on March 1st, 2007 at 3:52 pm
Sal, Thanks for the comments. Good Info. Didnt know about Thain’s options package.
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NYSE is a long term hold. Cramer bases his recommendation on that fact. More powerful than seeing a crazy price increase today is noting that it hasn’t fallen much behind. -Especially knowing about the expected float increase next month. John Thain has a option to purchase 30,000 shares at $99.50 as part of his compensation package. -This itself, is re-assuring enough to quiet any speculation. -Buy on weaknesses as much as possible.