Tripping over dollars to pick up nickels...that's what longs have done. The sellers at 19 bucks got it right...sell at 19, buy back in 5-6-7% lower. The "partnership distribution" of 42 cents pales compared to the buck and a half they just chopped off the share price. And the nimble traders yesterday and today will make both! Not a trading vehicle? This is 2013, not 1963. Take off the rose-colored glasses.
Going long in stocks becomes more pointless every year.
Thanks to people like you, I was able to add. And we will be back much higher in the near future. And anyone who thinks they can outsmart computers trading is more of an idiot than I gave you credit for. You know some of the best and smartest INVESTORS do not agree with that premise. And Blackstone is comprised of smart investors. Who buy low and sell high. And over the ownership time they raise the value of their investments. Odd? Not hardly.