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The Blackstone Group L.P. Message Board

  • carolyn_novice carolyn_novice Sep 13, 2013 9:09 AM Flag

    Question and response BX 22.76

    Question and response BX 22.76

    jlgilkeson 3rd quarter earnings miss expected ?

    Yesterday BX traded about 4500 Oct 19 22 put option contracts and about 3500 Oct 19 23 Put option contracts. This type of bet suggests that BX will miss earnings --- I'm long 20,000+ shares. Anyone have any insights?

    This is due derivatives, some block house agreed to buy at certain price and had bought an insurance, in case September – October correction.

    Please ignore what you are looking at, the syndicate or block house who plans to buy big block may do that to pocket money.

    You will see the same on Ford and Bank of America. Every week the stock creates a situation which resolves the next week.

    BX should be bought for long-term for six months to a year. For day to day trading, it difficult to trade base on over bought and oversold.

    Here more input for you.

    6-Sep… 25,830…..0.29….up
    9-Sep… 29,450…..0.14….up
    10-Sep…. 27,189…..0.36….up
    11-Sep… 51,172…...0.07….up
    12-Sep… 22,131….-0.09….Down

    After 4 days on high volume, stock down 9 cents. This type of behavior is accumulation.
    On a weekly graph stock should be up for two weeks (after today’s closing).

    On Aug 20, when BX made a low of 21.36, and the stock price has been increasing so is the volume. September 11, 2013 the volume 5, 172, 0000, this was the highest in three weeks.

    We need to see the volume and price today, all indications are that price will be up today, volume we are not sure.

    I am long on this stock, and I am quite confident it is under accumulation.

    A 5% up move from this price and volume above 4.5 million will bring the old seller at lower price back again to buy at higher price.

    Good luck!


    Carolyn Novice

    Sentiment: Buy

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25.04+0.25(+1.01%)Oct 25 4:02 PMEDT