I got out at 26 for a 19.2 % gain - after the last 4 earnings BX has taken at least a 1 point hit within a month - you will be able to buy back in at 25.25 or less by mid November. Will play GS and AIG til then.
This is obviously relief rally, after a few days of panic. BX (and the market too) returns to the pre-panic levels.
I agree that the government "tricks" can continue and being long is a bit dangerous - but I am still long.
I have BX shares and also $23 calls expiring in 8 days (they cost me $0, I used "risk reversal"). I will wait a few days to sell the calls - believe/hope they will go up a bit.
There is no sense - there is no MUCH sense - to sell BX now, a few days before quarterly report. Report should be good, BX is very active and very successful, and world economy going, overall, up. I do not expect big/huge move (stock is 25% up already in 3 mo), but something like $27-$28 after the report.