If it were meaningless, then the company would not have gone to the expense of opposing it, n'est pas?
Besides, the grunts (that's a finance term) would not have heard about the ruling soon enough to explain the down day when the market was up.
Or there could be another explanation; I don't profess to know it all.
My theory doesn't mean the sky is falling, just a reasonable explanation for the short term price action.
You pay your money and you take your chances, rat.
Here's some education for you, courtesy of Ben Graham, "In the short run the stock market is a voting machine. In the long run it's a weighing machine." Popularity contests are fickle. If you don't understand that, then you shouldn't be dabbling in options.
And you shouldn't be rude to other posters just because they have a different perspective from your own.
Golly mr stocks, i done never heered nothin like "pigs get fat, hogs get slaughtered".
Except from people who know enough to be a danger to themselves.
As regards "should be taking the win here", people like you were saying the same thing when Enron dropped to 40.
I had been hoping that there was somewhere on the BX website that tracked the metric (other than the latest press release), but I guess not.
Never the less, this is huge - because the way Blackstone gets paid (and how much) is more complicated than most I don't think most people appreciate how significant this is.
Because I originally bought in at 12 it almost choked me to pay today's prices,, but I expect these latest shares will do well.
Sandy - I've been trying to find where BX is relative to its threshold for some time. Can you please tell me where this metric is tracked?
Jacat, please post the basis for your "hearing rumors". Nothing personal, but there are lots of people who make up stuff on these boards, so a wise person assumes that nothing he/she reads is true unless there is a verifiable source.
jack, 2 and 20 has been the standard fee for hedge funds for eons. If you weren't aware of this then maybe a company like BX for you.
Sandy, I'm not flaming, but I would like to know why you feel it is necessary to copy and paste news stories that are in Yahoo's summary for the stock. We all have to click through the summary that shows the headlines, so we can read the headline and click on the link if we want, so why post it here?
He just thinks he knows a lot. He does not. I would recommend putting him on ignore as the chances that he will say something intelligent are very slim.
Anyone who wants to help squeeze the shorts can go and put a sell order at a very high price - say $20 - you're not likely to be filled, and it will prevent the shares from being loaned to shorts.
It would be nice if everyone stuck to intellectual discussion of stock merits, but that isn't the world we live in.
Grow the F up and stop whining.
I don't see anything about MONT having submitted their financials or a plan to do so, so shouldn't they be delisted today? And if they are, does anyone know what affect this will have on options? Will the options continue to trade even as the stock itself goes into the pinks?
Fishy - why would you bother to talk to someone you know is a liar (based upon his short claims that I proved to be false) and also clearly has no idea what he's talking about. He's never shown a single insight into either this company or the market in general; he's just trolling, and when you engage with him you just encourage him.
Please ignore him so he'll go back under his bridge and the rest of us can discuss BX without an immature toad speaking up.