BX down at least a buck today, I imagine. No reflection of the company or its performance. Just another day at the casino.
Unless the broader market BS is over, today BX should drop like a stone. It's up in pre-market, and that's an absolutely classic BX head-fake. Following the recently established trading patterns, the share price will open higher, teeter for a while, then dump like crazy. Here's hoping I'm dead wrong, but casino doors open in 32 minutes.
Long term it means absolutely nothing. Just like the preposterous summer swoon in BX share price means nothing long term. Just players playing. The modern-day stock market has created two camps, two adversaries, two deadly enemies: traders vs. investors. Traders LOVE what's been happening the last few months. Orgasm after orgasm. For investors, it's been nothing but irritation after irritation. A big bag of BS foisted upon a best of breed stock. BX losing one third of its value this summer? Pure horse caca. Is it the oil investment? Good God, no. BX is going to make a bloody fortune on their oil investment - they didn't get into oil until it was near its current price. I know this post is going to get crucified because this stupid board is populated mostly by traders and "nya nya I told you so" shorties and some clown who pretends to be a professional trader. Who cares? it's all a big bloody bore. Long BX since I bought in at 12 bucks.
A complete crock. Traders rule, panic selling rampant, you tell me this company is worth 30% less than it was a few months ago? Based on WHAT?? The US stock markets are nothing but crooked casinos. It's a crime that your, my, everyone's retirement is tied into this big ball of...(insert term for excrement here).
Don't be sick about it. You should be disappointed in yourself for buying at the wrong time. There is absolutely nothing wrong with the company - their business plan is excellent: scooping up distressed assets and selling them for huge profits. Be sick about this ridiculous, screwed up, trader-driven market that over-reacts to the slightest stimuli. Hold tight - BX will be back, and in a big way. And just watch today's over-reaction. Bet you BX will finish up over a buck today.
They've been singing this same song for years. BX has been unaffected. The recent decimation of the share price is an over-reaction to an old story.
Because the broader market is sick. BX will not only follow, but double or triple whatever move the market makes. I've followed BX since the IPO, and the stock is more of a trading vehicle than an investment. It's a trader's plaything. You can count of the stock market to over-react to all stimuli, and the macro-picture lately has been troublesome in many parts of the globe. When you consider how frothy the market had become around May, we're watching the perfect storm over that past four months. Who knows when this BS will cease, but when it does, BX will rise big time. Until then? If the broader market drops another 10%, BX will drop 20%. It sucks, but that's the piece of #$%$ our markets have become. There is no connection between the company's performance and the movement of the share price since May.
Might as well sell, sell, sell everything. Bear market is in evidence. Pre-market talk: VW news may bankrupt Germany? One company can take down the financially healthiest country in Europe? Irrationality rules the world right now. The snowball rolls down the hill, gets bigger and bigger and gains momentum. Check shorty's shorts for nocturnal emissions. He's in the middle of an extended wet dream.
Nothing the market hates more than uncertainty, and we just got another nice fat helping of it. They kicked the can down the road once again, and it appears to have triggered yet another sell-off this morning. Nice move by BX yesterday. But today will probably belong to shorty - my bet is we give most of it back. Hope I'm wrong.
When is options expiry?
You're may be right IF...the DOW sheds another 2,000-3,000 points. That's the only way BX share price falls that far. And it's certainly possible. Otherwise, if the market stays at this level until the end of the year, BX will be a lot closer to 40 than 28.50.
What is this, 2008? No, just a series of laughable over-reactions. Keeping some dry powder at the ready. Players rule the world.
BX down almost 3% on no news and low volume? There's nothing to it but players and traders jerking each other off. Kind of like the Blackstone yahoo message board lately.
And that pretty much says it all. BX, with more dry powder than God, will be using this farce of a market meltdown to their great advantage YET AGAIN. How's that "waiting for $29" on the share price looking tonight?
Because BX has more money than God. They will use this downturn in market values everywhere and will be buying bargains all over the place. Enjoy the day, shortie...over-reactions rule right now, but sanity will return. When it does, look out above.
You have to wonder how much is enough. It's getting a little ridiculous at this point, isn't it? BX has entered into falling knife territory. Rational investors thought they were getting a deal when the share price was $40, a correction of 10% from it's high of 44 and change. The recent action is indicative of a company in crisis...what is this, Lumber Liquidators? It's further proof that the stock market isn't for investing anymore, it's for riverboat gamblers. Casino doors open in three minutes.