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The Blackstone Group L.P. Message Board

  • tradingbasis tradingbasis Dec 18, 2013 10:32 AM Flag

    600K Block Traded

    600K block of shares traded @ 10:24:29 at $30. Interestingly it hardly moved the price (though it did go up from there) , so not sure what to make of it yet. I would think that would have moved the price a lot more.

    Sentiment: Strong Buy

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    • no easy to judge every trade...with the FEd announcement coming..alot of nervous people..they all have their reasons for buying or selling.. quite often having nothing to do with the individual stock...if the market is to take a 20% drop as does happen.then hard to keep any stock up... I am long

      Sentiment: Buy

      • 1 Reply to sam_0534
      • Fed has nothing to do with this; market is a barometer and not a thermometer. It went down a few weeks ago for the same reason. Now it is recouping from sell off.

        When a large block trades at fixed price like $30, it generally pre agreed price and is due to derivatives. Most often it is after the market in these stocks.

        After trading in a range around $30, the BX will close fractionally change as if there was no news. You can say after Fed meeting some unusual up and down action was created to cover shorts or hit stop loss orders.

        Europe is strong they know what US will do.

        When stocks start are under distribution news very bullish and nothing stops in the direction of move for a few weeks.


        Carolyn Novice

    • That is due to derivatives, a mutual fund had agreed to buy or sell at this price a few months ago. It is like Call Option or Put. The seller received money as an insurance for selling at this price. This is a good sign stock will go higher from these levels.

      Good luck with your investment.


      Carolyn Novice

28.23+0.03(+0.11%)Aug 23 4:03 PMEDT