Any hope for blackeyed Blackstone (BX) ?
BX closed @ 29.72
BX is the biggest private equity fund around. While i find private equity going public makes no sense at all, i feel that the big boys will eventually put this stock in play.
It is very important the stock trades and stays above $30 soon, or else i don't recommend owning it. The stock could still dip to the low $20. I will use $30 as my guide. Get in above $30 and stay out below $30.
I am choosing to look at playing this stock at this time is because the chart is saying it should go higher at least in the short term. I am hoping the big boys pick this one up and run it to new highs, instead of bouncing it and then let it rip lower. We'll just have to put this one on our radar and see.
Buy the stock (or the option) if it trades and holds above $30. The July 30 calls are $.80 right now. You must be sure that the stock goes above $30 if you're gonna buy those calls, or you might as well put good money down the drain.
BX is the biggest private equity fund around. While i find private equity going public makes no sense at all, i feel that the big boys will eventually put this stock in play.
It is very important the stock trades and stays above $30 soon, or else i don't recommend owning it. The stock could still dip to the low $20. I will use $30 as my guide. Get in above $30 and stay out below $30.
I am choosing to look at playing this stock at this time is because the chart is saying it should go higher at least in the short term. I am hoping the big boys pick this one up and run it to new highs, instead of bouncing it and then let it rip lower. We'll just have to put this one on our radar and see.
Buy the stock (or the option) if it trades and holds above $30. The July 30 calls are $.80 right now. You must be sure that the stock goes above $30 if you're gonna buy those calls, or you might as well put good money down the drain.
posted by beanie11111 | 4:46 PM
24 Comments:
Here's the speculative penny play I mentioned last week:
CYCR at 38c
Here's what to do:
1. Buy it.
2. Hold it.
3. Pray.
CytoCore could be on the threshold of a major medical achievement: a replacement test for the pap test. Imagine all the women in the world not doing paps, but one of these non-invasive tests once a year. The current E2 collector trial is expected to announce results soon, and if the biomarker shows superior behavior, then a 3-4 bagger is a forgone conclusion. Analysts peg potential revenue at $1BILLION in the near future (example: $100/test for 10% market share which is 300,000 women = $30M in the 1st year alone. Increase market share by 10% a year, and do the math). If results are positive, a quick buy-out in the $3-4 range is also a possibility.
Now for the bad news and disclaimer:
If results suck, $0.0 will be the HIGH for this stock.
Play with your lunch money, and don't have lunch for a year if it fails.
How long do you need to hold? I don't know, but I don't think you'd have to wait more than 2-4 weeks. If that's an eternity to you day traders, wait and watch for a volume spike prior to news. If it's an uptrend, buy then. FYI, the pps continues to oscillate between 33c and 40c at any given time, so feel free to find an opportune time to jump in.
Good luck.
M
BX:
Just announced they are acquiring Hilton Hotels for $26 billion!
I wonder if that is good or bad for the stock BX. I assume it's good. I mean, isn't it what BX does - to acquire companies?
http://money.cnn.com/2007/07/03/markets/blackstone_kkr.fortune/index.htm?source=yahoo_quote
BX..looks similar to FIG.
Look at its chart here.
FIG IPO at 31, now at 23
BX IPO at 31, going to...???
gosu,
It's not really similar. FIG's ipo was priced at about $18.50 and it went to as high as $37 (after opening around $31) and now settling at $23 - still above the ipo price. At some point, 2 months later, FIG got back to almost $34.
BX is sitting below the ipo price of $31. At some point soon, i expect BX to at least see $35.
It could very well be this month. The chart shows bottoming, and today's acquisition of Hilton Hotels for $26 billion (Note that BX has about $88 billion under management) could be a mighty catalyst BX needed to move higher.
BX:
I have a feeling it's time to back up the truck on BX!!!!!!!!
I wonder if we gonna get another rally come Thursday as a result of the Hilton Hotels acquisition.
booyah!
If Gosu doesn't give his blessing to a stock, then we should stay away from it. He has correctly called every turn of this market!
Ted, I am not the best as regards stock picks. Beanie is the undisputed champion. I am still learning.
Yes, I make a decent money trading index futures, but for some extra change and excitement, I come here for Beanie's picks - like BIDU yesterday.
Ofcourse, I have to be convinced of the stock pick too.
This comment has been removed by the author.
July 3, 2007
HLT helps ITG HOT maybe helps IYR RWR RWX WYNN MGM LVS...helps...DIA SPY QQQQ IWM maybe helps Housing......
I told you to buy hilton....HLT ( no one reads my blog ...OH well)..(up $13) and going to $47...and I told you to buy BX...now look what happened
i sure hope it helps IYR which in turn helps XHB, cause I bought XHB July 28 calls..80/20 .
..80/20 = shows a profit within three days ... if not the next day...
BX HLT article
zee
second helping of DNDN anyone? Spiked yesterday and gave 1/2 the gains back.
But big options money says that 73,000 contracts will expire in 13 trading days. That's a ton of shares speculating that the stock will move higher by 20% or better.
Any takers?
M
I’m burying this gem in the comments section...
They ( news pundits,,,,say Q2 profits are up 8%...not the 4% forecasted...so 13,175 ( JUNE low) + 8% = 14,100... WE see 14,100 before we see 12,900...12,900 was long long ago number everyone tinkered with awhile back...
Looks like AAPL, WWAT are having good days. Im holding AAPL until $160.
hey guys
APPLE AND GOOGLE
do u guys think of a price target for both for August or after earnings?
Thinking of going in
thanks!
TRCR
I think this looks good. Beanie, can u take a look at this and try to convince me not to buy???
GOOG:
You guys need to be in this one if you haven't already.
New highs. Should have blowout earnings on July 19.
Brett,
TRCR has good technicals but a bit overbought.
I don't like the business they're in though.
JSDA....en fuego!!
Backing up the truck before too late...
Loaded Google, i expect a runup to 560 prior to earnings
after that, 600 or 500...
beanie,
Which GOOG calls should we be buying?
Goog calls
the august 540 calls look cheap IMHO...
and safe
aymon,
buy the 550 or 560 july calls on GOOG.
JSDA:
very nice
new official recommendation at www.beanie11111.blogspot.com !!!
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