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The Blackstone Group L.P. Message Board

  • billlewisiv billlewisiv Feb 6, 2013 3:57 PM Flag

    Great run, but...

    I can't escape some simple facts: This is a traders's stock. It has never, ever, EVER held on to any signifactant gains. Ever. I know, because I've charted it since the IPO in 2007. I also know there's a nice little pay-off coming for holders of record on Feb 11, but that little 2.3% dividend probably won't convince traders to hold on when they know they can sell now, book a fat little 15-25% short-term profit, and buy back in 5-10-15% lower in a week or two. How do they know it will be lower? Because traders will take this down. If you think this is a level playing field, you're severely behind the times.

    Disclosure: long 1,000 shares. Recommendation: hold, but expect very choppy waters.

24.07+0.45(+1.91%)Oct 21 4:01 PMEDT