CME - about to break out?

Discussion in 'Stocks' started by scriabinop23, Jun 11, 2007.

  1. Is this the perfect storm for CME?

    1) Justice department approves BOT acquisition today.

    2) Stock showing technical strength at top of historic range

    3) Bond future volumes are picking up (this has been hurting the stock)

    4) I could only imagine amidst this and other strength, the stock will be bid up to meet or exceed ICE's offer by share ratio by big guys out there...

    ... Wonder how much upside BOT has here too.
  2. Have this long and it's been very good to me. Friday was nice, today extremely pleasant. Interestingly, from a technical POV as far as I can tell, we're not yet reaching a point where profits need to be taken. I have a stop down at 529.50, and of course I'm not expecting that to be taken out. Not that stranger things haven't happened...
  3. You can be assured ICE will raise its offer in short order.