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11/9/2005
This is a very interesting pair of stocks to watch for anyone interested in the stock market. After these stocks broke the $200 barrier, their movement was very similar to each other and buyers manage to find all kinds of reasons to push their prices higher (merger rumors for CME, acquisition rumors for Google).
Movements like these make me appreciate technical analysis more. Fundamentals have little to do with both of these stocks and the stocks are detached from them. These stocks keep moving higher, because they moved higher a week ago, and with no other stocks to play these stocks get bid up again.
When will they reach their top? No idea. But when one of them will get hit it will be time to sell the other...
This is not a trade recommendation and no one should treat it as such.
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