Longer hours? Old timers at the NYSE might not want to work the xtra hour..
IPO,, could move, but this is not a sure gainer in my mind.
But based on recent history these IPO'S can scream..I have several grand on the sidelines just in case of a 20-40% run.
[ March 08, 2006, 00:23: Message edited by: Bob Frey ]
Posted by Repoman75 on :
This will be huge within a few years. They will layoff 80% of their staff, and are looking to buy other exchanges internationally. Final goal - 1 market, global, open 24 hours, all eletronic. Don't be suprised if they merge with NASDAQ 10 years from now.
Posted by Dustoff101 on :
Repo, you a buyer in the AM?
Posted by metal1 on :
yeah, Arca is trading at 65. i thinks its expected to open around the same price.
Posted by Repoman75 on :
Probably not.. I never buy on the first day. IPO's usually drop a little afterwards, especially if it opens at a gap up.
Posted by Dustoff101 on :
The talking heads on the tube were discussing the best buy...Didn't catch all of it..
ARCA Versus NYSE
Maybe Cramer will plug it tonight, might make for a 10% fairly safe play if he does..
Posted by Repoman75 on :
True. But long term, this is definitely a stock for the IRA. They will rule the global trading markets. No more ECN's, no more foreign (major) exchanges, no more afterhours, no more Specialists. NYSE will rule.
Posted by Dustoff101 on :
Ya, pre-market stinks anymore, insiders rule the play, same with after hours.
I'll play for a 10% gainer [ if it starts moving ] tomorrow, but won't hold overnight..
Posted by aj1162 on :
what's the symbol gonna be, and is archipelago(AX) just gonna stop trading and continue with this new symbol? AX is up over 15% in the last couple of weeks too.
Posted by JHenry on :
--Merger Completed Today, Tuesday, March 7-- --NYSE Group, Inc. Stock to Trade Wednesday, March 8 Under Symbol NYX--
New York, March 7-"This is an historic day for the Exchange, our customers, and investors," said NYSE Group Chief Executive Officer John A. Thain upon completion of the New York Stock Exchange/Archipelago Holdings, Inc. merger. "This merger transforms and modernizes the New York Stock Exchange with a growth strategy for the future. On behalf of my colleagues at the NYSE, I welcome Jerry Putnam and the Archipelago team to our organization and look forward to serving our new shareholder community."
"Archipelago was created with the vision of making markets better for all investors, a vision that we share with the NYSE and has led us to this historic day," said Jerry Putnam, NYSE Group President and Co-Chief Operating Officer and the former Archipelago Chief Executive Officer. "I am extremely proud of the innovation, the technology and the value Archipelago has brought to its customers and shareholders and am excited about combining our strengths with those of the NYSE."
Today’s completion of the merger precedes the trading of NYSE Group shares, which will commence following the Opening Bell (sm) tomorrow, Wednesday, March 8, at 9:30a.m. NYSE Group shares will be listed on the NYSE and will trade under symbol NYX.
Posted by kywee on :
anyone playing this?
Posted by Dustoff101 on :
quote:Originally posted by kywee: anyone playing this?
------------------------------------------------ Kywee, not yet, for me....
Posted by Dustoff101 on :
Well, should of stuck to my plan....10% looks like it was a no Brainer! Damnit!
Posted by Dustoff101 on :
Up 12% now, this thing was a 10% no-brainer!
Posted by Dustoff101 on :
If I just heard it right, OTCBB'S may see big board action!!!!!!!!!
Wow, if true get ready for some wild action in the OTCBB market!!!!
Posted by Dustoff101 on :
What a no-brainer 10% daytrade.
The stock is still holding a 12% gain..
Posted by Dustoff101 on :
Up 20% [ $81.00 ]
Posted by kywee on :
yea i knew i should of bought in under $71...
Posted by rider3160 on :
I made some good bank off this one
Posted by Repoman75 on :
I guess this is a good one. Keep buying now.. going to $100
[ March 09, 2006, 10:57: Message edited by: Repoman75 ]