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I'm going to say $80 as well only because I get sick thinking of it going lower. This thing doesn't even care that the market is way up. Does anybody want this stock?
05/25/07 at 1:55PM
When will the pain end? I know that everyone is hoping this goes up with Euronext earnings, but will it really? Look at what happened with NYX reported over double profits. Sure it went up a couple of bucks, but then it went right back down. I just can't figure it.
Please explain to me what exactly is being reported on the 15th and the 22nd. If both dates are related to earnings, why two dates? I'm not sure I can average down.
What is up with BOA? Tomorrow we're in the 70s....really temped to cut my losses guys.
Thanks for your help. Then I would think that the company should be buying back shares at this point, but that's not the case it seems. Maybe GS will buy NYX :)
Metro, if you've "seen nothing like this" as an experienced person, imagine my thoughts. This was the really the first stock I've owned since I've always been in mutual funds. I was beginning to think this is how all stocks must trade even though intellectually, I knew that couldn't be the case. I've also heard about the naked shorts, and I can't confirm either, but I heard that once the merger went through, NYX came off the list which means that the spike to $101 was forced covers due to the merger, but now it is back on the list.
It seems there is obvious manipulation, but the numbers won't lie. My question is: Is it possible for the stock to be "held down" by large short interest even if the numbers become outstanding? If so, then where does that leave us...with a stock that can go no where no matter what?
Just trying to learn.
Mel
Looks like a done deal according to this from Reuters:
http://today.reuters.com/news/articleinvesting.aspx?view=CN&WTmodLOC=C3-News-4&symbol=ISE&am...
PHILADELPHIA, April 30 (Reuters) - International Securities Exchange's (ISE) (ISE.N: Quote, Profile , Research) board of directors accepted a $67.50 per-share takeover offer from Deutsche Boerse (DB1Gn.DE: Quote, Profile , Research), a source familiar with the situation said on Monday.
A formal announcement is expected later Monday, the source said. The deal was a friendly, negotiated transaction that emerged out a friendship between the chief executives of the two companies, the source said.
Deutsche Boerse wants to buy ISE to expand in the fast-growing global market for options trading. ISE is the largest U.S. equity options market. The companies could not be immediately reached for comment.
Do you think NYX will make a counter bid? If so, would that cause another episode like the couple of months leading up to the merger with Euronext?
Thanks. I'm showing some nice gains (so far) on NDAQ and BBND...still not enough to break even on paper. Think I'll try to find one more good stock.
By the way....Melpomene is the name of the FEMALE Greek muse of tragedy (maybe I should've picked a better name).
I was amused at Not Bill's comments on men and women and how women seem not to be as emotional when trading. I'm afraid I don't fit that category. Some days I could just cry, but I'm getting used to it :)
GL
Metro, Do you really think we could see $78? I sure hope not. I've been trying to find another stock to help ease the pain, but I'm all out of ideas and energy. I managed to get in on IPO BBND, but it would need to go up about 15 points for me to break even, and NDAQ - same there.
I'm getting the feeling that NYX will not move until we can see the combined earnings, but what do I know? Probably some GS guy will find some other reason to downgrade it.
Sorry so negative - just frustrated. Long, but not so strong.
After today, I can't afford a drink. Maybe the juice in the frig will ferment when they cut off my power. Hey, we need a laugh.
Hi Metro,
Sorry, I've been out of town and was caught in the nor'easter while in the Outer Banks (NC). I did average down. My average now is $99.50 (bought at $89.50 during the big upturn). Of course, now, it seems meaningless. I've never been more frustrated with a stock. I now wish I'd sold at $100 just to get out, but who knew?
Mel
Thanks. That sound like an excellent plan.
Glad there's a board for this. I managed to get in at $16 on the IPO date. I noticed that you said you're looking for $20. Is that when you plan to sell? Or were you just thinking it's headed there soon? I had a target of $20 also, but I'm not so sure if it's a good plan or not. Although it was down today, I'm not complaining. Was hoping to make up for some of my NYX woes.
This is sure frustrating.
Any encouragement?
Not sure link worked:
Companies & markets
London may link up with NYSE
Tom McGhie, Mail on Sunday
11 February 2007
The London Stock Exchange will consider linking up with its New York counterpart and Euronext after successfully seeing off Nasdaq's hostile £2.7bn bid. New York Stock Exchange chief executive John Thain recently refused to rule out a merger with the LSE.
TRIUMPH: LSE chief executive Clara Furse has overseen rise in share price from 450p to 1344¼p
And while such a deal could take some time to cement, the prospect was enough to persuade powerful US hedge funds, which hold about a 20 per cent stake in the LSE, to reject Nasdaq's 1243p-a-share offer.
The failure of the bid by the New York high-tech market is regarded as a triumph for LSE chief executive Clara Furse, who has seen off a succession of predators, ranging from OM of Sweden to Frankfurt's Deutsche Borse.
Over the past two years, shares in the LSE have soared from 450p to a high of 1344½p last month. On Friday, they closed at 1282p, still well above Nasdaq's final offer. The sharp rise in the value of the LSE vindicates Furse's tough line in rejecting a wave of lower bids.
Nasdaq will formally concede defeat tomorrow after persuading virtually none of the LSE's shareholders to accept its bid.
This could put pressure on chief executive Bob Greifeld, whose aggressive tactics and arrogant approach to the bid is seen as a major contribution to its failure.
His decision to go hostile in November and his assumption the LSE would sit down and talk after such an aggressive approach are now seen as major tactical errors.
Greifeld's remarks that he would consider joining a banking consortium, Project Turquoise, to set up in competition against Furse were seen as rebounding badly on Nasdaq, especially as it would devalue its own 28.8 per cent in the LSE.
From the platform of such a large shareholding, Nasdaq was initially expected to win the battle, but over the months, LSE has successfully argued that its share price reflected its record-breaking performance and the possibility of more lucrative deals ahead.
US hedge funds, led by American investor Samuel Heyman, were inclined to believe the LSE. Some analysts reckon the shares could rise as high as 1500p.
I would not be surprised if that is part of it, but it seems odd since GS owns over seven million shares that they would downgrade. I have a hard time believing that they wouldn't mind dropping a few million for the sake of "being objective". Smells rotten to me.
Also, I would like to know why NYX is trading below $94, but every few minutes, it ticks to around $94.50 quickly and drops back down. What does that mean?
Yes, it's time to drink. Anybody have any inspirational forcast?
Although I wasn't expecting any big moves upward with the TSE announcement (because the stock would've gone up last week if that were the case), I'll admit some disappointment on wishful thinking. At this point, I'm not even sure that any surprise earnings could move this thing right now. I'm in for the long haul, however.
I'm a new subscriber to IBD as a result of advice from this board, but I can say that the IBD 100 is a list of companies that trade in the U.S. that comes out in the Monday edition of the newspaper. They base the top 100 on several criteria including recent profit growth. Not Bill Oneil will have a more detailed explanation than I can provide. He had a post listing the IBD number of NYX over several weeks, and it's moving up continually.
In this Monday's IBD, NYX is now listed as number 17 on the IBD 100 if anyone missed it.
Oops. Maybe today's not the day. I'm still hopeful.
Another thing that could have an effect on price today as it did before is Cramer mentioned it again last night. I didn't see it, but I found it on the recap site.
http://madmoneyrecap.com/daily_recap_lightninground_012407.htm
I'd love it!
Yep...can't wait. Where do you think it will go next week with earnings and the TSE info.?
Yes, I am! I'm glad I didn't panic and sell...that seems to be the hardest thing to learn.
Thanks, also, to everyone, for recommending books. Mine should arrive this week! I'm here to learn, and I agree that some boards I have looked at are uninspiring at best.
Anyone know why NYX is down $2+ in the pre-market this morning? I'm really getting nervous now.
Not too bad today. Maybe we'll be up from here??
I plan to buy some books this week. Ya'll have been very helpful.
You're right!
Thanks. I should've bought less at 104.5. Can't buy any now.
As a newbee, I'm doing my best not to get scared. I'm looking at the pre-market numbers and the bid/ask right now, and it's not looking good. I'm wondering if I should wait it out and take the risk that it will go lower, or hope that I can recoup the losses later. I bought last week at 104.5.
I suppose that's good to know.....that it wasn't just a selling frenzy by a lot of people. It has gone up some in afterhours trading. Maybe it'll recover? Wonder why they sold? Seems a good time to buy.
It certainly didn't run today. Hope it's soon. I'd like to buy more now, but I can't, so I'm in the red for now.
Thanks. I saw that he was speaking after I sent that message. I held on to what I had.
It has been a few uneventful days with NYX. Is there any reason I'm missing that it would be shooting down today?