Shares of NYMEX Holdings (NMX) have been surging this week on rumors that the company may be bought out by exchange rivals. Ive been long NMX for about six months now, and its finally above my cost. I think long term the exchange has some great prospects. I’m maintaining my position on NMX as of now, but every time the stock hits these levels it backs down. Will be watching the news very closely in the days and weeks to come.
All exchanges have been doing well lately on news of more industry consolidation.
All exchanges have been doing well lately on news of more industry consolidation.
