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The Blackstone Group L.P. Message Board

  • carolyn_novice carolyn_novice Nov 11, 2013 10:53 PM Flag

    After Hours Question BX at 26.62

    1. This trade of 1, 166,667 were between two block houses.
    2. If you call a block house to get a bid on 2,000,000
    3. The bid could be 26 and offer 26.81 stock last trades 27.50. (Nov 7, 2013 and Nov 6 high were 27.63, and high was 27.63.
    4. When the stock is at 27.63 the block trader decided to take the block today after hours.
    5. There are two ways, one being the block house like Morgan Stanley, shorts and sells from inventory. They take the block.
    6. The other way is go down and take partial block and take the other part later at higher price.
    7. Please see the heavy volume
    Nov 11….5,224,212……………….After hour 1,166,667
    Nov 9……5,184,500
    Nov 8……8,483,300
    Nov 7…..7,139,300……higher started
    Nov 6…..3,625,900
    The reason for this activity will be know in a few days, maybe by the end of this weekend.
    After Hours November 11, 2013
    Time (ET) After Hours ……..Price After Hours ……Share Volume
    18:27………. ……… $ 26.62 .................................. 39,746
    16:42………………. $ 26.69………………………… 600
    16:30 ……………….. $ 26.62 …………………………. 1,166,667
    Institutional Summary
    Total Number of Holders ……………349
    % of Shares Outstanding………………64.32%
    Total Shares Held……………………301,251,506
    Total Value of Holdings……………….7,805,426,520
    Net Activity…………………………..(16,880,039)
    Top 5 Holders
    FMR LLC …………………………………29,907,987
    MORGAN STANLEY……………………..25,259,859
    WADDELL & REED FINANCIAL INC……20,498,460
    JANUS CAPITAL MANAGEMENT LLC…….17,540,500
    ING GROEP NV……………………………….. 13,258, 701
    BX down move will be over in a few more day and then either we are consolidating at higher levels, or this was a technical secondary reaction and stock may slowly tickle down on low volume.
    Imagine you have a truck load of boxes of oranges and each box is $20.
    If there are more buyers every day then the price will move to $25 soon.
    Now you have 20 trucks coming around Thanksgiving Day, your cost is $15 a box and you can sell at $20 a box. You decided to sell to friend who has seen the boxes fetching $25, but needs a good good deal from you for buying 10 boxes. You agree to sell at 22.50 but after hours he has to come to your warehouse.

    Sincerely,

    Carolyn Novice
    Oranges will be higher by Thanksgiving

    Sentiment: Strong Buy

 
BX
32.50+0.34(+1.06%)Sep 16 4:02 PMEDT

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