David Dreman thinks the Exchange Stocks are too high. "Exchanges are the new Internet. That is, they are presumed to be capable of growing higher than the blue sky. That would make them good shorting candidates, if only you could get your hands on some borrowed shares."
"The first exchange to go public was Chicago Mercantile Exchange Holdings (nyse: CME - news - people ) (530, CME). Note the Internet-flavored three-digit stock price. The Merc, which used to trade farm products such as butter (and churned up numerous scandals along the way), moved into more exotic fare with futures on currencies in 1972, interest rates in 1976 and the S&P 500 in 1982."
He also talked about shorting ICE and NYX.
Read the complete column
"The first exchange to go public was Chicago Mercantile Exchange Holdings (nyse: CME - news - people ) (530, CME). Note the Internet-flavored three-digit stock price. The Merc, which used to trade farm products such as butter (and churned up numerous scandals along the way), moved into more exotic fare with futures on currencies in 1972, interest rates in 1976 and the S&P 500 in 1982."
He also talked about shorting ICE and NYX.
Read the complete column
