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The Blackstone Group L.P. Message Board

  • billlewisiv billlewisiv Apr 3, 2013 10:05 AM Flag

    I think it's official...this rally is over

    It will be interesting to see if it falls further from here, a very real possibility. That was a great run up, but this is a momentum play and this stock is a trader's darling. Now that the upward mo is exhausted, look for traders to take their profits. When they're done, I expect another up cycle, but not right now...

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    • ...I have to disagree...heavily oversold...volume dropping off...it's looking very much like APO did on 3/28 or so...it wasn't but a day or so later that APO began its rally and -- as I write this -- is up over $2 from 3/28...I have to start nibbling at least a little at this point...

      Sentiment: Buy

 
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