Buy Dips in the Exchanges & Brokers
The derivative exchanges remain strong buys with continued consolidation in the group. I would be buying any weakness in Nymex Holdings(NMX), Intercontinental Exchange (ICE), and the Chicago Merc (CME).
For the longer term I even think you could buy the potential acquirers today. Both the NYSE Euronext (NYX) and the Nasdsaq (NDAQ) have been discounted to do an acquisition. The NYSE trades at just 24X forward earnings while the Nasdaq only trades at 18X forward earnings.
Note: I am long NMX
For the longer term I even think you could buy the potential acquirers today. Both the NYSE Euronext (NYX) and the Nasdsaq (NDAQ) have been discounted to do an acquisition. The NYSE trades at just 24X forward earnings while the Nasdaq only trades at 18X forward earnings.
Note: I am long NMX
posted by Big Ben at Tuesday, June 19, 2007
3 Comments:
If you're a newbie to stock exchanges, check this article out on how stock exchanges work. Before you can learn how to make money on the stock exchange, this will help you get to grips with the basics.
exchanges print money!
BUY ON THE DIP!
we have traded and made money with ISE, ICE, NMX, ...and even our dog NYX.
Ben - we love your blog! great recos!
your friends at BOTD,
www.BuyOnTheDip.com
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