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The Blackstone Group L.P. Message Board

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  • saurabhkas saurabhkas Jan 27, 2013 10:37 PM Flag

    Where's billlewisiv

    I am thinking of doubling down my position before the earnings call if there's a slight pullback. Any advice??

    Sentiment: Strong Buy

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    • Sheesh...I'm a believer in the company, but how will Wall Street treat the shares after earnings? Geez, anything can happen. This market is screwy. Doubling down time was a few months ago with the share price under 14. Here at 18, any negativity about earnings and traders will sell the #$%$ out of it. And this is a trader's stock.

      • 1 Reply to billlewisiv
      • Thanks for the response. My mistake, I shouldnt have said doubling DOWN. I actually initiated my position at 14.28 and bought more at 14.01

        but given the recovery in the housing market and the was BX is positioned I was wanting to double my existing position before the earnings call. But I didnt, I try to keep any one stock from getting to 20% of my portfolio.

        good luck, btw your posts are funny. I always get a good laugh on the down days ;)

        Sentiment: Buy

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