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The Blackstone Group L.P. Message Board

  • carolyn_novice carolyn_novice Apr 28, 2013 11:14 AM Flag

    Response to a soldier_boy63h BX @ 20.26

    soldier_boy63h Thanks for the class, however what does it have to do with BX?

    On Friday, April 26, 2013, BX was strong on opening on a very low volume, but then the trend was down. From 11:54am to 3:00pm the trading range was 20.27 to 20.30, more than two million shares traded. Such trading is between the block houses and less than 5% to 10.00 % by individuals.
    Please buy stocks only when the bid and offer and in the range of above 5,000 shares, and stock trades in that range for 15 minutes.

    13. Avoid the open. They see YOU coming sucker…..Please see the Opening on the interactive Chart.
    16. Price has memory. What did price do the last time it hit a certain level? Chances are it will do it again. ……BX around 20 has a historical importance,

    BX Made 2013 New High on April 11, 2013….remember big resistance: After this stock is down and holders are sitting with losses.

    Open = 20.95
    High = 21.46…………….New High big resistance, if not broken soon, then how low?
    Low = 20.93
    Close = 21.10
    Volume = 4.472.599

    BX came public on June 22, 2007 at $31 and first day trading is as follows.
    Open = 36.45
    High = 38.00
    Low = 34.25
    Close = 35.06
    Volume = 113,095,700 Very High volume, it will take very long time or never no clues.

    BX made historical life time New Low on February 27, 2009

    Open = 3.75
    High = 4.88
    Low = 3.55
    Close = 4.87
    Volume = 4.596,000

    Blackstone was founded in 1985 as a mergers and acquisitions boutique by Peter G. Peterson and Stephen A. Schwarzman, who had previously worked together at Lehman Brothers, Kuhn, Loeb Inc.

    Lehman Brothers is gone but old friends are still there in BX at what price? And at what price they are willing to buy and sell? Most of the trading is between the old pals.

    Before topping stock has to have a run up and heavy volume and distributions.


    Carolyn Novice

    Sentiment: Hold

25.83-0.22(-0.84%)Sep 23 4:01 PMEDT