CME ==> The College Bowl Winner

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  • #16
    Hello,
    I like what I read about CME. I am going to continue to follow this stock. The price looks good as long as nothing has changed in the company to rationalize the drop. Do you think the recent drop was due to such a large raise in volume? I am working on my TA skills and would like to see how my interpretation is coming along.

    thanks

    Comment

    • mrmarket
      Administrator
      • Sep 2003
      • 5971

      #17
      I think the stock has run up and the lemmings like to sell when others sell. I also think that this stock is going to have incredible earnings in the next few quarters and that its stock price will zoom as a result.

      So...the question is...do you want to be a lemming, or do you want to be right?
      =============================

      I am HUGE! Bring me your finest meats and cheeses.

      - $$$MR. MARKET$$$

      Comment

      • df21084
        Senior Member
        • Mar 2004
        • 258

        #18
        Originally posted by mrmarket
        I think the stock has run up and the lemmings like to sell when others sell. I also think that this stock is going to have incredible earnings in the next few quarters and that its stock price will zoom as a result.

        So...the question is...do you want to be a lemming, or do you want to be right?
        Yup. Lately there's been more sellers than buyers. Duh! Consequently, the stock price has dropped. A lot of people have made a lot of money in this stock, and they're taking their profits.

        However, it makes sense to be invested in a company with amazing earnings, such as CME. The fundamentals of CME haven't changed between 12/31/2004 and now, so why bail? I'm hanging in there, because common sense will prevail.
        Happy investing,
        Dave

        My opinion is worth no more than the price you paid for me to give it.

        Comment

        • df21084
          Senior Member
          • Mar 2004
          • 258

          #19
          It's earnings time

          Tomorrow at 8:30. Folks, fasten your seatbelts.
          Happy investing,
          Dave

          My opinion is worth no more than the price you paid for me to give it.

          Comment

          • billyjoe
            Senior Member
            • Nov 2003
            • 9014

            #20
            df21084,
            Consensus says they are up and way up next quarter.
            billyjoe

            Comment

            • df21084
              Senior Member
              • Mar 2004
              • 258

              #21
              Yup ... I think JP Morgan has a $250 target on CME. $250 wouldn't hurt my feelings any.
              Happy investing,
              Dave

              My opinion is worth no more than the price you paid for me to give it.

              Comment

              • df21084
                Senior Member
                • Mar 2004
                • 258

                #22
                CME is getting hammered this morning after reporting a 92% increase in profits.
                Happy investing,
                Dave

                My opinion is worth no more than the price you paid for me to give it.

                Comment

                • mrmarket
                  Administrator
                  • Sep 2003
                  • 5971

                  #23
                  Originally posted by df21084
                  CME is getting hammered this morning after reporting a 92% increase in profits.

                  LOL...isn't this fun?
                  =============================

                  I am HUGE! Bring me your finest meats and cheeses.

                  - $$$MR. MARKET$$$

                  Comment

                  • billyjoe
                    Senior Member
                    • Nov 2003
                    • 9014

                    #24
                    According to the bunch of analysts I was watching, CME missed earnings by 3 cents X 34million shares that's 1.02 million dollars. Too bad someone couldn't have thrown the 1.02 mil. in the pot out of the goodness of their heart since market cap dropped 782 million because of it. Maybe the 782mil was priced into CME because of anticipation of the extra 1.02 million. What does it all mean? Got me, I'm just average Joe investor. Notice CME is bouncing back already IIC says it's upgraded, go figure.
                    billyjoe

                    Comment

                    • canaveraldan

                      #25
                      CME looking good today.

                      Comment

                      • jiesen
                        Senior Member
                        • Sep 2003
                        • 5320

                        #26
                        Originally posted by canaveraldan
                        CME looking good today.
                        CME refuses to be kept down. Back to 208 and rising...

                        Comment

                        • mrmarket
                          Administrator
                          • Sep 2003
                          • 5971

                          #27
                          Originally posted by jiesen
                          CME refuses to be kept down. Back to 208 and rising...
                          Weak sellers are gone. This stock must have very little overhead resistance at this time. I'm sure Spike can enlighten us.

                          I'm sure the fundamentals are still terrific. This company is a money machine.
                          =============================

                          I am HUGE! Bring me your finest meats and cheeses.

                          - $$$MR. MARKET$$$

                          Comment

                          • mrmarket
                            Administrator
                            • Sep 2003
                            • 5971

                            #28
                            Mooooooo!

                            CME Reports Record Day for Electronic Live Cattle Futures Traded on CME Globex
                            Wednesday February 9, 11:50 am ET


                            CHICAGO, Feb. 9 /PRNewswire-FirstCall/ -- CME, the largest U.S. futures exchange, saw its biggest trading day ever for live cattle futures on CME(R) Globex(R) with a record 975 contracts traded on Tuesday, February 8. This broke the prior day's record of 725 futures contacts traded electronically, and represented about 5 percent of total live cattle future volume. Open interest in total live cattle futures also set a record of 149,847 positions. Open interest reflects the total number of contracts that have not yet been offset or fulfilled for delivery.
                            ADVERTISEMENT


                            Overall volume in the exchange's E-Livestock program, which started in 2002, was 1,111 contracts, the strongest trading day since a market maker program was launched on Jan. 3, 2005, and the second-highest trading day ever. In addition to live cattle, feeder cattle and lean hog futures also trade side-by-side with the CME livestock products traded on the floor.

                            Chicago Mercantile Exchange Inc. ( http://www.cme.com ) is the largest futures exchange in the United States. As an international marketplace, CME brings together buyers and sellers on CME(R) Globex(R) electronic trading platform and on its trading floor. CME offers futures and options on futures primarily in four product areas: interest rates, stock indexes, foreign exchange and commodities. The exchange moved about $1.5 billion per day in settlement payments in 2004 and managed $44.1 billion in collateral deposits as of Dec. 31, 2004, including $3.1 billion in deposits for non-CME products. CME is a wholly owned subsidiary of Chicago Mercantile Exchange Holdings Inc. (NYSE: CME - News), which is part of the Russell 1000(R) Index.

                            Statements in this news release that are not historical facts are forward- looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or implied in any forward-looking statements. More detailed information about factors that may affect our performance may be found in our filings with the Securities and Exchange Commission, including our most recent quarterly report on Form 10-Q, which can be obtained at its Web site at http://www.sec.gov . We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.

                            Chicago Mercantile Exchange, CME, the globe logo and CME Globex are registered trademarks of Chicago Mercantile Exchange Inc. E-mini is a trademark of CME. CLEARING 21 is a registered trademark of CME and New York Mercantile Exchange, Inc. S&P, S&P 500, NASDAQ-100, Nikkei 225, Russell 1000, Russell 2000, TRAKRS, Total Return Asset Contracts and other trade names, service marks, trademarks and registered trademarks that are not proprietary to Chicago Mercantile Exchange Inc. are the property of their respective owners, and are used herein under license. Further information about CME and its products is available on the CME Web site at http://www.cme.com .
                            =============================

                            I am HUGE! Bring me your finest meats and cheeses.

                            - $$$MR. MARKET$$$

                            Comment

                            • jiesen
                              Senior Member
                              • Sep 2003
                              • 5320

                              #29
                              talk about a cash cow!

                              Comment

                              • canaveraldan

                                #30
                                CME took a dump today

                                CME closed at approx 202.90 for 7.47% drop. My stop loss kicked in at $208. This was the first time I used a stop loss. I felt good to lock in my profits. I bought in last week at $195. Today I bought into CMN at $24.5.

                                Thanks to the great website your hugeness.

                                Comment

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