From 21.50 to 28.50 in two months...here's the deal:
From Aug 20 to October 20, this stock ran from 21.50 to 28.50, and gain of over 30%. In two months! That's a major event for this stock. Now we're in a period of fallout from and reaction (or over-reaction) to that dramatic move. That's what we've been watching for the past week. All sorts of posturing and profit-taking. This stock is a favorite of players and traders. After they're done doing their thing, upward momentum will resume. Until then, we'll be subjected to a period of bulls_ t.
Yeahit would help if insiders didnt see the stock as their personal bank account as well!! Stock periodically gets knocked down by massive selling. They need to consider ways to enhance stockholder equity.
Jim, you need to realize this isn't your father's stock market anymore. Our markets today are nothing but giant casinos. It's not crooked, but it might as well be. It's fixed. It's a game. It's not about building value, it's about profiting at someone else's expense. BX stock is a little more extreme than AAPL or DIS or GOOG, but they're all being played. BX has a lot going for it, and the stock should appreciate greatly in value over time, but along the way, it will be played like a cheap fiddle. Daily.