On tonights Mad Money Jim Cramer said that he was dead wrong about NYSE Euronext. However, he said in the long run NYX was a great stock. Many people are saying that this statement was way over due considering investors have lost a lot of money listening to his stock of the year. Will people start to sell on Cramers admission that he was dead wrong about NYX? Many have already sold NYX because it has literally gone nowhere since Cramers recommendation. Yet, there are still many who beleive that NYX is extremely undervalued and will never sell. Even Cramer has a hard time putting down NYX, which he still claims is very cheap. Most recently TheStreet.Com is reporting a speculated NYX NMX merger which might set off NYX shares higher. We will have to wait to see how Cramers followers and critics will react to this news. The message boards are already filled with reactions to Cramer.
SO, Do You Believe Cramer Was Dead Wrong About NYX?
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