Monday, March 26, 2007

MXX.TO IPO? A Rocket or a Bust?

I opened a small position on URB.TO, an investment company specialized in exchanges. It practically owns every exchanges in the world with largest position in NXY. I think this may be an alternative way to own exchanges. Moreover, the Montreal Exchange is going public on March 27th, and could be a near term catalyst for this little company. The company have excellent track record in the past five years, although we could come to the party too late.

Position: Long URB.TO

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