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NYX looks like a good short

Jim Cramer did an interview last night with the CEO of NYX (NYSE) and it sounded like a tough road ahead. http://www.cnbc.com/id/15840232?play=1&video=639480517&__source=yahoo%7Cheadline%7Cquote%7Cvideo%7C&par=yahoo  Increases in volume have been offset by increases in costs.  Volume going forward could stay high or it could drop off.  I think it will decline as the economy slows and with the rise of the Shanghai trading.  After all the last CEO of NYX was fired late last year. Things can’t be great.  CME is getting crushed today because of higher trading costs. I think a short is worth a try.  Upside seems limited and downside could be higher than thought.  Volume could drop off a cliff at some point.

February 6, 2008 Posted by | Uncategorized | , , , , , , , , , , , | Leave a comment