If you are frustrated with your life or politics, or investments, then please do not read or respond to this message.
There are buyers and sellers that make the market. I feel we should learn to respect each others view.
1. Stock is up for two weeks, but the daily volume is very low.
2. Besides early opening up move on low volume, stock trades near the low of the day and then during last 15 minutes on low bounces to close up.
3. We need to give this week to see if the trend has changed.
4. Earning is a few weeks away, BX can react either way.
We have some long-term investors who can’t seem to accommodate negative messages. There is one person for last three months he has been shouting $30 by the end of the year. Not everyone here for such a move.
Frankly BX has more than half a billion shares outstanding, and institutions own nearly 80% of it.
BX can still go up and down before the earning, who is smart enough to evaluate with what is known?
Tomorrow is going to very interesting and we can thank each other for Chinese investment in BX.
I am long in this stock now for a short term. For a move of 5 to 7.5% in either direction, I will reevaluate to stay in or out.