Cramer calling for a Triple in NYSE shares

Tonight on CNBC's MAD MONEY Jim Cramer was discussing NYSE Group, Inc. (NYSE:NYX).

He said there is an $87.00 stock that is going to $250.00 in the next two years: New York Stock Exchange. He said it is still noted by Wall Street as fully valued, but they are wrong. He said it doesn't even matter that it was up $5.00 today and you would wonder why it isn't up even more. He said there are no sellers of the stock. The specialists aren't selling, the old Archipelago holders aren't sellers. Cramer thinks a NYSE & Euronext combination could be huge.

Cramer said he was shocked at how quiet the floor was yesterday because it is thinning out. Cramer thinks the floorless trading is coming soon rather than later. he said the 500 worker cut this week was 17% of its workforce and they recently closed one of the five trading rooms.

Cramer enumerated the reasons he thinks the stock can get to $250:

1. hybrid systems rollout is speeding up trades
   
2. the exchange won't have to get into a bidding war over Euronext
3. while it was archaic and poorly run, it is now well-run, with massive improvements
4. Euronext savings will be $600 million
5. working deals in India and Japan, and
   
6. he hybrid system will help trim that $350 million in floor operation expenses.
   

He thinks it can earn $10 per share faster than he even thought a month ago, even though the street is only at $5.00 EPS for 2008.

Jon Ogg is a partner in 24/7 Wall St., LLC; he does not own securities in teh companies he covers.