That's BILLION with a "B." The parking lots may be half full, but BX is doing something right in this endeavor. Two of this morning's headlines: "Blackstone made how much!?" and "A surprise from Hilton - Big profit for Blackstone." When you make 10 billion in one deal, a 6 million write-down here and a 10 million write-down there in Asia, which the critics point to, are put in perspective. BX not at IPO price ($31) yet, but we'll blow past that in 2014. Still holding here.
carolyn novice is obviously a made-up name, and judging by the grammar and phrasing in the posts, English is probably not his/her first language. But who cares? He/she is a technical analysis hotshot, and his/her calls on BX this year have been bulls eyes.
All you need to know about BX and their business is that they are making money hand over fist, and they HAVE more money than God. The share price movement this past week has nothing to do with the company's successes and failures. The recent pullback/sell-off is nothing but a trader's reaction to the recent irrational run-up to the 29.50 level. THIS IS A TRADER'S STOCK! A day-trader's wet dream. Casino opens in 14 minutes and I see BX up about 1% in pre-market. This could easily close above 28.50 today. Or below 27.
Another great reason to have sold: overseas markets are dumping like crazy this week, and US markets look awfully toppy. This morning's futures look lousy. If our market dump picks up momentum, BX will drop like a stone. Pretty good call, carolyn.
Nailed it again. Nice work. Watching the irrational buying on Monday morning, you could sense a pullback on the way. How low this time? Never, ever forget: BX is a traders's stock.
psu, your ability to be on wrong side of the trade is astounding! You've jumped on the rally just as it has petered out. Long term BX will prevail, but selling yesterday in the morning was a smart move by carolyn novice. Selling Monday morning would have been even more brilliant. When the current sell-off finishes, another rally will start, but for now, traders are taking profits.
The Beatles sang it, and now I type it. PSU, you nailed it again with your sell/short recommendation on BX. We'll all make a fortune doing the opposite of whatever you post, so please keep it going.
Nice job Carolyn. Extremely interesting. Let's see what the morning brings. Still long here.
A wise man once said...it's better to keep your mouth shut and let people think you're a fool than to open it and remove all doubt. Keep it open, psu, the entertainment value is too high. I marked this post. I was never great at math, but I think 26.80, the share price at this moment, is higher than 26.15. But the day is young, the stock is streaky, hope your tongue continues leaky. Give my best to that other famous psusucker, Jerry Sandusky.
onik onik! I LOVE that one! I'm hoping he's got a blog or a twitter feed with investment "advise" since he got his grove back.
And how's your grove doing? Glad to hear you got it back. Orange season is right around the corner in CA.
Glad to hear you got your grove back. Was it an orange grove or apple? And are you using tiki torches during the cold spells? Oh, by the way, BX has gone positive.
A literal roller coaster, eh? The only thing more entertaining than the BX stock ride is psusucker's calls: "30 by the end of the day tomorrow" or "I'm shorting this pig." Chill out. Play the swings if you want, because swing traders, day traders and players are driving the action right now. THE CASINO IS OPEN!
Been in BX for over five years, and during that time, this stock has never, ever held on to gains of any kind. Getting it over 20 was a major victory this year. Doubtful we see IPO price (31.00) this year, and today could be ugly. Hang in there, longs. It's a player's stock, it's a player's market. Three minutes until THE CASINO IS OPEN!
Coming off that run from 22 to 28 in late August through October, LET THE POSTURING BEGIN! BX has adjusted from a mo-mo stock to a yo-yo stock. No real direction except down right now. But if psusucker is shorting, I'll hold.