Bad Move, U Should Have Held On & Got Div U Just Gave It Away. Also Should Be A Big Run Up For Awhile. As Per Fund angers Will Be Jumping Into B.X. To Show How Smart They Where To Have It In There Porfolio For The Quater Even Though They Got It After The Fact. It And Old Trick. Good Hunting.
I was wrong, I expected profit taking. But with heavy volume, nearly double the normal, I bought after hours and paid 22 cents more than what I sold. I thought BX with heavy volume will make a top, but there is no need to fight the tape.
Here is the story from tomorrows Investors Daily.
Stocks Move Up As Solid Economic Data Spark Hopes
By DONALD H. GOLD, INVESTOR'S BUSINESS DAILY
Posted 04:16 PM ET
Investment banker Blackstone Group (BX) gapped up and leapt 6% in more than twice its average volume. The provider of alternative asset management and financial adviser services revealed a 130% sales leap in its Q2 report. But earnings, which were compared to a year-earlier loss, missed badly.
Tomorrow with option expiration and all the newspapers will be giving the BX rosy story,