This appears to be a very technically traded stock. The two previous lows occurred on Dec 5 and May 7. If this cycle continues, the next low should occur around Oct 6. Hopefully, the 27.50 area should provide a solid price support.
BX weakness may be due to the unknowns that have arisen with its purchase of the Spanish mortgages.
Squatters not likely to go quietly. The commoners on the streets will protest evictions. It will take some time for BX to digest this latest acquisition, and to have it contributing to positive cash flow.
Meanwhile, as the doubts continue to pile up, along with these questionable Spanish mortgage & debt collections, plus potential currency fluctuations - - BX near-term future also remains in doubt.
Management needs to make a clarifying statement.
2nd time below this average..really surprised at the weakness..KKR is doing the same...just our of favor now but analyst rating are very good..traders like GOPO and others.. I will not sell though disapointed right NOW.. just will wait.. strong buy on this weakness...http://stockcharts.com/h-sc/ui
Sentiment: Strong Buy
BX hit a 52 week high of $36.08 on 07/23/14.
Since that date it is down an incredible 12.50%.
Since July it's been in a bear/ trend reversal.
Today more of the same. At 10:20am et the security is down $.58 cents or -1.825%.
BX ytd performance is flat. Where did you make money ytd other than the dividends? I wouldn't ignore a contrarian voice. She rings true in many ways, whether or not it applies to BX at the current moment.
All my mutual funds were down today and yesterday. No where in the world market is moving higher. You be the judge. Event though the market makes new high, some of the leader are going south. Banks will write down billions in Atlantic City. Winter heating bill for 500 room hotel with no guests, who will pay to maintain.
it is not the casinos the entire Atlantic City has hard days night,,, Beatles.
Soon there will be downgrades. There are to many Bullish analysts. Fidelity gives BX number 10. The highest number as outperform.
Why is BX moving down that is the question we should ask. It doesn't mater what you own and what you paid. We need to save each other from bigger mistakes. Please do you research and forget the past, where do you think BX will be after the earnings and IPO's. Invest accordingly, but if you are wrong then learn from mistakes. This is the only place higher price brings new buyers. How about lower price will it bring new sellers. Mutual funds are fully invested and what if October brings bigger correction?
Let us leave it that way.
corrections happen.. a lot of cautious players after the hugh run up...not easy buying at thes highs inthe markets..but BX has so much value..hard to sell it.. but it goes down with the market..I am not selling...
Are we moving away from Bull Market, or could this be beginning of a Bear Market? Here are some clues or seeds for next ……
New High and Lows
Bull market new high must increase
Bear market new lows must increase
Markets Diary ……………………..4:07 PM EDT 9/23/2014
New 52 Week High………13………..22………4
New 52 Week Low……….135……….135……..23
So much for a sermon, please don’t forget to read this message again after a few years, if you are not wiser then remember I am and always will remain Novice
When a person has to tell how many shares on a message board, it is most likely the person is concerned about the profits become losses.
Kindly read the next message on Wisdom of Richard Russell.
You have no idea what this person's net worth. 18000 shares may be his entire life savings OR it could be 2-5% of his portfolio or ??? Do not assume.
I have traded BX and have lot of contacts with others who do trading for living. When everyone is bullish, it is time to be careful. MSFT is just an example, I sold one day after new high and took a loss. But then I saw everyday others like you we're convince it will go higher to see go down 50%.
This bull market is very old, and new highs are less than new highs. That is no a good sign. Let me see my book on New high and New lows, and I maybe able to guide you better.
It doesn't take buyers to become sellers. Pick up last few days of WSJ, and it is full of BABA, so who is left to buy? BX has lot of overhead supply, and the buyers are siting on the sideline.
If this market drops another 5%, we will start getting tax selling soon.
I am a trader and I can never hold stock more than 30 days, or take a big loss. I have my stop loss point in mind before the purchase. I wish I could see the BX value. More than 10 years ago MSFT made a new high above $110 and then dropped more than 50%. Earnings were always good.
When a person owns big chunk, it is my way of telling be careful, what if we are all wrong.
But we must keep in mind the buyer has done his research and my advice has no meaning. I simply think what if I owned a few thousand, and how I will react.
I have sold BX many a times with small losses. Maybe again ....
Agreed. Way undervalued! The only volatility happens around earnings. Last time swung up to $36 than quickly down again. Dividend payout/timing has a lot to do with that swing down. They are pushing it down to swing again.
Last week you could find a single negative investor; this week just the opposite 100% negativity.
Funny, nothing "really" changed in a week. I think most "investors" are bipolar nut jobs. Hell you can probably put me in there with them.
Holding 18000 shares, shows your over confidence. Please keep in mind the exit door if you are wrong. I am now play extremely safe, the whole market is showing lack of strength. Also BABA IPO could prove all of us wrong, About. early BABA buying was Chinese and foreigners, we will know soon.
Sentiment: Strong Buy
Do you know if BX will have an ownership interest in these IPOs?
Or is their role merely an adminstrative one just to collect a fee?
It is intuitional trading which determines the existing price of the stock and future anticipation.
To buy some IPO’s others stock are sold. Look what happened to Yahoo after Alibaba successful offering.
The information provided is known to them long before you read it.
BX next 2 IPO’s coming with one and two weeks should provide some early clues to BX success.
Vivint Solar, Inc, IPO
Expected pricing date……..October 1, 2014
Expected Price Range……$16-$18
Fidelity Indication of Interest Period……….9/18/2014…..9/30/2014
Offering Size …………………20,600,000 shares
Industry……………………Energy & Power - Other Energy & Power
Expected pricing date……..September 24, 2014
Expected Price Range……$14-$16
Fidelity Indication of Interest Period………..9/12/2014…..9/23/2014
Offering Size …………………30,000,000 shares
Industry…………………… High Technology – Other High Technology
Sentiment: Strong Buy