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The Blackstone Group L.P. Message Board

  • carolyn_novice carolyn_novice Sep 25, 2013 12:24 PM Flag

    Traders Kindly Read BX at 25.10

    Traders Kindly Read BX at 25.10

    Someone is writing or collecting Oct 25 Calls. BX at 25.10

    This rally should not fissile if the move is institutional.

    Watch out for price reversal if after making new high, BX requires consolidation and should bounce back, failure here near the close with high volume down, could mean not a good signal.

    High volume in a few hours at times is a good signal for the next leg up or down.

    I have no position, but would like to help traders who had either a stop after shorting, or a bought at new high and then did not sell in this rally.


    Carolyn Novice

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    • Thanks Carolyn:

      Looking to get back in after things get sorted out in DC.. Sold last Thursday at 24.92 -- cleared almost $50K... But like this equity a lot.

      • 1 Reply to jlgilkeson
      • Oct option 25 indicates some news which we do not know. I have traded this stock number of times, but I could miss a big move. With October earning coming and third quarter earnings soon, I am back to GE and F.

        As trader you never make a bundle, but go home with some good trades and some small losses.

        I still think BX had big run up and will need consolidation soon. Not sure if below 25 or above these new high price trading range.

        It has lot of shorts and who is right, remains to be seen.

        Good luck!


        Carolyn Novice

27.55-0.05(-0.18%)3:27 PMEDT