The Blackstone Group LP Message Board
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Fun finish, sell now..
Going down for short-term so cover your long positions...I just did at 21.00 and the rally seems to be done for now.
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Why on earth would I rely on what you think? Present some reasoning. Just saying "I think the rally is done for now" is pretty useless - lots of people said the same thing about PCLN at $20/share, and we know how well that did for them.
- 1 Reply to habbas3000
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We shall see how this plays out. I am only talking about this stock in short-term and that from the charts and not the long term value of the company...
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If your a short term trader, there might be some merit to what your saying. Friday's action might have seemed anemic up only .26 (up only???) but the volume was not low volatility (stemurphy). Like I said, there is at least a 30% upside from the pull back at 19.87 I called (actually I said $19.80-$19.85), but long term this year more upside. Don't get too wrapped up in timing your trading. If there is a pullback of 5%-10%, have some dry powder on hand to go all in. That is my strategy and collecting the nice div. Without getting too emotional, I am very comfortable with BX for a hold this year. There going to knock it out of the park.
Sentiment: Hold
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Agreed that this rally is a little too strong, and some sort of correction may be imminent...but damn, private equity is hot hot hot right now, and this rally may have legs for a little longer. Perhaps time to sell half next week...?
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decent move as volatility is low right now, but I see this pushing higher still
Sentiment: Buy
- 1 Reply to stemurphy
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Lets see how this works out. I might open some short positions soon for short-term. Holding BX till the end of the year still makes sense... Could break its IPO price this year though.
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