NYSE Group (NYX)

In his view, this was a frenzy stock. Wouldn't be surprised to see it below $50 a year from now.

There was so much hype and so much expectation that you could see it setting up the retail investor for a hit. You have to be careful about these things that have so much excitement and publicity. Don't let your heart get ahead of your head.

The general view on exchange shares is that there is expected consolidation to take place over the next couple of years. A great business. Cash flow business. In the short run, there has been a pullback in most of these companies due to being overbought. Expect the stock will go higher.

Entirely volume driven. There will be some selling off of shares, but there is talk of some takeover bids coming in.