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The Blackstone Group L.P. Message Board

  • billlewisiv billlewisiv Apr 3, 2013 11:48 AM Flag

    Sheesh...I expected suction, but this is ridiculous

    Here's the lesson. THIS IS A TRADER'S STOCK!!! Yeah, there's a pretty good uptrend in the really big picture here. But the run-up of the last few months was over-done, and now the correction will be over-done. Call it "over-sold" if you like, but it is what it is, a sell-off. Traders taking profits. I posted "This rally is over" with the share price at 19.50 this morning, citing exactly these criteria, and I think I hit it on the head. The big question now is: how low does is go before the sellers/profit takers finish their little game?

 
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