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$17.23 -0.09 (-0.52%)
7/3/2008 1:02 PM

The Blackstone Group L.P. (BX)

CAPS Rating:
**

An alternative asset manager Company and its business include the management of corporate private equity funds, real estate opportunity funds, funds of hedge funds, mezzanine funds, senior debt vehicles, proprietary hedge funds & closed-end mutual funds.

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Recs

3

Avatar DTHevner1 (< 20) Submitted: 10/05/07 4:04 PM : Underperform Start Price: $28.10 BX Score: 19.96

Analysts are wrong more often than not, yet investors are still willing to follow their advice. This stock is overpriced @ $29. Nothing has changed in the past several weeks with this company, yet the same people who were avoiding BX @ $22/unit are now crawling all over each other to buy @ $28+. Institutional investors and short term speculators bought in the low $20's and are riding up on their gains. Look for these investors to pull the plug in the next several days and watch as the stock drops back to $24-25. Smart money is already shorting this stock - just look at the volume - 3X the average daily volume for the past 7+ weeks - sure sign of volume shorting. If you have made money on this stock up till now, take your profits and run.

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