Did you get any confirmation on the move today?
I would love to see close pass its 52 week high.
Sentiment: Strong Buy
With today’s volume I am quite surprised, who is behind this big trade? Is there something we do not know?
From July 23 to July 31, 2013 for 7 days BX was down, and then there was small bounce due to dividend reinvest.
I don’t wish to take a wild guess with today’s heavy volume. I though 7 days in a row was more than enough liquidation.
For your information the following is a fact.
I am trader and after the September 11, 2001 attack, the market was closed for a few days. When it opened I took a heavy position in Hilton (HLT) at 7.785. The stock after moving less than a point it again dropped below $6.00. I talked to about 10 different sources and they all thought it was a good buy before my trade.
Then I went to see my broker and a few traders, they all advised me, the travel my stop for a long time and Hilton may not be able to keep up with their debts.
Three days later with sleep less night, the stock moved above $10.50 for about for a short time, then tickled down to $10.00.
I bailed out and made amount in 5 figures in one trade.
Two years latter Hilton was taken over for above $45 and debt.
Hilton property in Hawaii is more than a few billion.
Now back to BX, it is gold mine, it will not only make a new high above $25, it can do anything. You should buy and stop watching day to day, in a few years it could be $50 or above.
Some of the properties of Hilton in foreign countries like China and India are worth a few hundred millions.
Hilton will be a hot issue and I hope I can get at the IPO price.
I hope I have answered your question.
I am long BX and I am still collecting, my major buying will be after it makes a new high.
Please ignore by short term buy and sell and have faith in yourself.
Hello Carolyn -
Thanks for taking time and providing your opinion. I find it very valuable.
Now a days, It sure is very hard to find a good stock and also, good opinion from the analysts. Their timing seem to be late in buy or sell.
I find BX with a possible huge upside considering their apartment and commercial real estate holdings, Hotel properties especially Hilton and last year's buying spree of over 30,000 single family homes.
I have seen the interview from the head of Hilton, head of Pinnacle (recent IPO) and also, head of the real estate on CNBC w David Faber - Very impressive and smart guys running these businesses. Also, their success with Seaworld speaks well for the mgmt of BX.
Your opinion confirms my thoughts. Again, I really appreciate your time.
Please post any new information that you may find -
Thanks in advance