Everyone is bullish BX going 35, 40 BX at 31.60
1. Where do you sell if it goes down?
2. It has already had a big run up
3. Another up leg without consolidation, is it possible?
4. When everyone is bullish, can it be everyone is right?
Earnings, EARNINGS, earnings!!! That will decide where BX moves next! It has been undervalued for some time based on earnings potential. Now we will see that realized!
Sentiment: Strong Buy
You're wasting your time trying to explain how markets work to carol - she has demonstrated that she has no understanding of them, nor the mental capacity to learn.
You have lot faith in your research, so far you are right. I just got out of KKR, similar to BX, moving or following the leader.
Well 2014 year did not start as every one expected, for BX it is the same question.
I do not own BX and KKR now, to afraid to get in and feel uncomfortably to short these strong stocks.
In retrospect BX was a good long-term hold but that is the difference between an investor and a trader trying to make few bucks.
I still think market will give me a better opportunity to get back in BX at lower price.