Tuesday, February 5, 2008

CME ICE NMX

Major drop in the exchanges due to news that there may be possible legal action to disallow the ownership of clearing houses within the exchange, due to blockage of competition. I think the exchanges are a buying opportunity here, as I doubt this will actually come to pass. They are down about 7-10% today, but caution is warranted, due to the size of the fall.

Update
I'm in a very small position ICE at 117.25

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