NYSE Euronext (NYX)

[Not_Bill_Oneil]

Hi Mel:

A couple of things on NYX: it's at same price as it was two years ago, however, earnings have more than doubled since then, estimates were just bumped up, AMX should be integrated later this year too. The downside is the market is in a correction again since last week's tumble.

What's going on is more people are selling versus buying. Who knows why. My own personal recent lesson on this was on a Yahoo short after MSFT finally walked. That stock should've kept falling, but, right away, after the initial hit, it started rising. Someone was clearly buying. Who? Why? It didn't matter, I had to cover for a loss and move on.

After the fact, all the rumors were confirmed that Icahn was buying a massive amount of shares and calls, as well as his Billionaire friends who were following his lead and loading up (i.e. Pickens and others) and probably some brokers who heard the rumors and saw what was going on. I gave some money to all of them.

For whatever reason, the NYSE buyback didn't seem to matter last week, nor much else, because the bottom line there was just more selling than buying. Why? Who knows. Maybe some people were selling so they could buy more Yahoo!

Times like these are good for studying and monitoring for the next group of winners.

Re NYX, look through some of the more recent news releases, esp regarding reducing commissions, etc. That's what people have been worried about. You'll have to make the call on your investments.

Good luck. And remember it's been a tough year for most people.