
I would take note of the price action: Look at the June 10-11 NYX chart. The price starts to take a dramatic shift down as NMX merger speculation circulates. At that point the stock was low 80s. However, once it reached 72 and merger speculation fired up again the stock began to reverse, hence the news was perceived as good for both NMX and NYX.
Note as well that as rumours of a merger faded both stocks took dramatic regressions. Now that speculation has fired up again, my theory is that we will see both stocks continue the same recent historical pattern.
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