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Will NYX Go Up?

bull.jpg    Ever since Cramer declared NYSE Euronext (NYX) his growth stock of the year it has been nothing but bad news.  Well, there hasn’t actually been bad news for the company, the stock has just been trading poorly.   The stock was chosen as the number one pick ahead of booming Apple (AAPL) and Cisco (CSCO).  NYX was picked at $95 a share back in the beginning of the year, ran to $112, and since then it has been as low as $65.

It looks as though NYX will finally get its day.  The stock was trading up in the low 70’s on Friday and was in the mid 60’s on Thursday.  Investors should have been “backing up the truck” at $65 a share.  The exchange has doubled its volume since this time last year and there could be another merger in the near future.  This stock has been beaten up by the short sellers but I think those days are over.  Look for NYX to run in the near future.

1 Comment

  1. Is NYX going to merge with NYMEX? Sure sounds like it doesn’t it?

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