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Strategies & Market Trends : Picks of the quarter -- Ignore unavailable to you. Want to Upgrade?

To: Elroy who wrote (604)	3/8/2006 10:39:19 AM
From: Sr K	Read Replies (1) \| Respond to of 20435

This was not news. It was announced about a year ago. AX had already moved from 20 to 70 and down to 64.25. What happened late yesterday was just the closing of the merger. There is a pending secondary to allow NYSE former seat holders to sell $2 billion of stock, so there is what some think is an overhang. The "news" (not news but a column) yesterday online was how at 64.25 it was 110 times earnings and overpriced. Some people thought it would fall back toward 50. If you veto NYX, I quit.