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The Blackstone Group L.P. Message Board

  • sam_0534 sam_0534 Oct 31, 2013 11:59 AM Flag

    BX price action

    been surprised at the action with some many BX IPOs movement...and that housing bond coming out Monday.. I think they should be paying some nice dividends down the line.. the stocastics had been overbought and coming back to neutral and probably oversold.. still a very good chart pattern and fundalmentals.. normal correction in a good move up

    Sentiment: Strong Buy

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    • I think you are spot on, alot of froth the last couple of weeks, BX always offers another opportunity to get back in - I will be looking at 25.80 tomorrow to get back in, nice retracement - I got out at 26.10 when this thing went nuts 2 weeks ago - wanted to position myself for AIG earnings tonite. I have been playing that trade the last 3 quarters, I am happy - Full Disclosure: I am not by far the smartest guy in the neighborhood and falling into that strategy was purely luck, but these are 2 can't miss stocks - BX has the fundamentals and a business plan that can make this company the next Berkshire/Hathaway, the larger they get though they will need to adopt a buy and hold strategy with a percentage of their holdings not unlike Berkshire. BX bought when everyone else was running for the door, they caught the falling knife but it can't go on forever with the same strategy. we can't have economic tsunamis every 5 years

      Sentiment: Hold

27.42-0.16(-0.58%)Aug 31 4:02 PMEDT