Since mid-October. Been waiting a lo-o-o-o-o-ong time to see this. The anti-gravity act in the face of Wall Street's latest meltdown is particularly impressive. The Q4 78 cent divvy/partnership distribution makes for a damned good yield for 2014 - 6% plus. Can they keep it going?
When this stock was in the teens (not that long ago) and in the twenties, it was a trader's plaything, a player's toy. I think those days are over. Because this stock is now officially a monster, their business model is brilliant, and the company leaders appear to be geniuses. I traded in and out a lot until last year and made money every time, but in 2014, I stopped and simply went long. Until last year, every strong upward move would meet with a sell-off you could depend on, but as earlier stated, those days appear to be over. Their investment in oil is already paying off, the partnership distributions are soaring, and the future looks as bright as the recent past. Well done, BX. In for the long haul!
Told ya. Up today, even in the face of all the market bs that's going on... These guys are financial geniuses, and their business plan is brilliant. Think of the windfall when oil is back up to 90 bucks in a few years...
Closed at 37.20, now at 36.42, 78 cents lower. With most stocks up in pre-market today, BX share price just fell 2%. Because it's not really a dividend, it's a "partnership distribution." NOW you may begin to comprehend the recent sell-off and pullback. Smart (nimble) traders sold in the high 37's...
Blind guess? Hey, I love this company, I believe it 's a winner long-term. But after a run to 36 last year, with the same kind of results we're seeing this year, it pulled back to 26. Why? No reason at all, They blew past every earnings estimate and raised the divvy, just like this year, then the share price lost 30% of its value. Why? Because this stock is a trader's plaything. If you ignore history, you're doomed to repeat it.
Never fails. Going up tomorrow.
I know I post that header a lot, but I only post it on days when it happens. Which is pretty much every day. Ever wonder why? THE CASINO IS OPEN! Welcome to the BX card room - players only!
Not strange at all, in fact, pretty damned predictable. BX is a trader's darling, and profit taking at this level makes complete sense. The real question is, now what? If history is any indication, we could easily see another couple of bucks shaved off the share price over the next week or two. You may say relax, don't worry, but if you've watched this stock for seven years as I have, you know it's very possible, even probable. I'm still holding, but the chart really looks like the share price has crested short-term.
And today they're piling on in pre-market. I'm long BX since '08, but today, it feels like we're going to get killed. Dow futures down almost 200...I thought BX would have a bounce back day after yesterday's debacle, but with the broader tone of the market very negative today, traders will be selling winners like crazy. BX is a big winner, and will probably get pounded today as players head for the exits. Sincerely hoping I'm wrong, but preparing for a day of BS for BX.
And BX with undeniable upward momentum. Look for players to trade BX like crazy today. Down big in pre-market, it will dive even further (high fliers always get punished when panic is in the air) and bounce like crazy. Over-all, probably a day of pain. Will BX hold 36? I'd be amazed to see that. 35.50 at the close is what I'm hoping for.
Made very little sense, didn't it. Volume in the last five minutes was over a half million, too. What gives? For as long as I've followed BX, it's been a trader's stock. Not surprising at all to see some profit taking. But now what? The last few months have been the most impressive run this stock has made in seven years. Can it be sustained?
Wrong and delighted to admit it today. Best BX rally in years. Wall Street is finally admitting to what I've held true since 2008: BX, with more money than God, buys stuff (distressed assets) fixes'em up, and turns them over for huge profits. A sheer genius business model, but what the heck has taken Wall Street soooooooo long to notice???? It's the same company that sold off like crazy a few months back when the stock dove to 26! Why, all of a sudden, are they so in favor now? Anybody?
Not only shorts that love it, but this stock is a trader's darling, a tool, plaything. Look at the sell-off that occurs almost every day in the first hour of trading. I've been in since the low teens, and was hoping the playing would decrease as the share price increased, but it's still being played like crazy.
I think you're mistaken. I work at a Disney theme park, and "boring" is 100% wrong. Public perception is (and has been for decades) very, very, very high, and getting higher. The crowds is see every single day at work (I'm on the front lines in the park) are 99% delighted. I suspect you, sir, are either a hater or a short.
Not exactly sky high volume on this terrific rally, but as a long, it's fantastic. But watch what happens tomorrow - it will make just as little sense as what's happening today.
As a long, I love your enthusiasm. But I wonder if you're familiar with "buy on the rumor, sell on the news?" This current upswing is among the most impressive I've seen in BX, and I've been here since 2008. I've never seen it go straight up for more than 3 days, so perhaps you can understand my reticence - big upswings have always, ALWAYS been followed by a major sell-off in this stock. What would you say is different this time around?