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Strategies & Market Trends : Picks of the quarter

ATHR 6.040

-0.7%

Jan 13 3:27 PM EST

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To: Elroy who wrote (615)	3/8/2006 11:44:52 AM
From: Sr K	Read Replies (1) of 20435

What do you mean by "Archipelago's closing price on Friday should be OK ..."? It was supposed to be the AX close on 3/7. 64.25. Look at the historical prices on Yahoo for AX. 2m shares traded yesterday. Every seller thought he was doing the right thing. AX was very liquid and closed near the low for 3/7. This is not an "IPO". It is the first day of trading with a new symbol. Anyway, I have no idea where NYX will be 6/30 or when the contest ends. My guess is lower than today's close. I certainly would not enter with today's close, unless there's a prize for beating mindmeld's record. This was a "reverse merger" where Archipelago was the public company. The surviving company, NYSE Group owns 70% of the merged company, and the AX holders (the stock trading through yesterday) own 30%. The total market cap was to be $10 billion. Now maybe it's 11.7. [edit NYX 72.34, make that 11.2 billion] AX issued the new shares to the NYSE seat holders, and that's how the merger was completed. The merged company took the new name NYSE Group.

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