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#1
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All,
Cuban post link: http://www.blogmaverick.com/2007/06/...ld-be-careful/ and a sweet chart: http://www.watchmojo.com/web/blog/?p=1715 |
#2
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Blackstone under 24 bucks. Looks like the founders cashed out their billions at the right time. I feel sorry for the bagholders holding this POS.
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#3
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[ QUOTE ]
Blackstone under 24 bucks. Looks like the founders cashed out their billions at the right time. I feel sorry for the bagholders holding this POS. [/ QUOTE ] I got rid of it at 31, and even though my investment was not too big, the loss still hurt. Even worse is that if you see my earlier post, I had planned on shorting it, but mistimed the market and it never hit the $40 I wanted to sell at. Oh well. Wish I would have sold at $38 when I was tempted and then entered into the short. |
#4
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[ QUOTE ]
[ QUOTE ] Blackstone under 24 bucks. Looks like the founders cashed out their billions at the right time. I feel sorry for the bagholders holding this POS. [/ QUOTE ] I got rid of it at 31, and even though my investment was not too big, the loss still hurt. Even worse is that if you see my earlier post, I had planned on shorting it, but mistimed the market and it never hit the $40 I wanted to sell at. Oh well. Wish I would have sold at $38 when I was tempted and then entered into the short. [/ QUOTE ] I don't think it was possible to "correctly" short Blackstone this early b.c. people love flocking into big IPOs unless the market is falling sharply. Had it IPOed in March we all would've still been correct on the long-term short, but never been able to hold on to it b.c. it would have indeed went to 40 or even much higher. Why were you long BX in the first place when it never sustained any sort of upward move? |
#5
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I bought the morning of the IPO anticipating a move to $40-$43. At that point I planned to sell and then go short as soon as I was allowed.
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