Hello everyone (first post here ), One of my favorite long-term stocks, NBTY, is moving from the NASDAQ to the NYSE. What could one expect from such a move? Does anybody have information on another stock which like NBTY moved from the NASDAQ? Would anything change for a shareholder? (except for the fact that NBTY is changing their symbol to NTY once they move to NYSE). I was thinking it could go up because it brings new press coverage to lesser known stock? But then again... Either way I'm going to hold on to this stock for its long term growth. it would just be interesting for short-term trading on that first day. Appreciate any insight. Thanks
wow...that would be extremely kewl to see a stock move from a truly free and open market into the greasy hands of the complete joke we all know of as the NYSE.... enjoy the learning experience. i am envious. -b
Sometimes tough to interpret sarcasm without hearing someones voice so I'm not sure how to take your reply. http://biz.yahoo.com/djus/030902/1640001256_1.html
Fundamentally the stock will go in the same direction it would go as NASDAQ stock......the intrraday journey will be a little different!
:eek: It might be a bit of a stretch to call the NASDAQ 'a truly free and open market...' -- but you know how I feel about the other part. There are no infallible markets ('cause markets are people) so just go in there and kick butt anyway. One way to look at it is this... Naz is less orderly (remember EMLX?). Orderliness can be thought of as insurance against EMLX-like bungee rides and misinformation bullying the markets around. Insurance has a premium; on the NYSE that premium is paid to the specialist. Risk:Reward. How's it going?
Never traded etrade, but they moved fm the naz to the big board in feb of 2001. I was there for all the hoopla as part of etrades tech support. Even got to meet the ceo, kotsokos, and the chimp in the superbowl ads. Liked the chimp....