Great company, terrible stock. Ive owned Jan stock options in blackstone since March and therefore I get no dividends and am losing value every day that I hold on and BX does nothing. If I owned the stock, I would hold on, but as of this moment, I am looking to jump ship sometime soon. I wish the rest of you luck
Which strikes do you own?
I only have options for BX. I have a core holding position and trading positions. Try doing some call spreads whenever it dips. You can acquire a position having an effective share price below the actual share price. For example: Jan2015 30/34 call spread for around 2.30, effective share price would be 32.30 (0.70 below current share price).
ONLY way to play BX is long, and very long. This stock is manipulated like CRAZY on a daily, no make that hourly, even minute by minute basis. Who's doing the manipulating? More than likely, options players and day traders. Swing traders. If you simply bought BX and held it for the last 4-5 years, you've done much better than AAPL, GOOG and many other blue chips. Not to mention the 6% yield.