HAL9000
Long

Investment Managers Should Catch Up.

NYSE:BX   BLACKSTONE GROUP L P
24 days ago
Blackstone Group is back towards the bottom of the gentle up-channel started in 2009 (see weekly chart below).
Rebounded off a double-bottom on the daily chart in good volume , but not as much as the rest of the financials.
Similar story to another, smaller asset manager highlighted recently (please check LM             idea).

1. Buy here with target 28.50 and stop 23.50 for a RR of 1.83x
2. Buy here with target 32.00 and stop 22.30 for a RR of 2.28x
3. Buy Jan 16'17 28.00 call at 0.32 and sell same maturity 23.00 put at 0.45

snapshot
16 days ago
Comment: Yesterday's close above 26.30 is good news and confirms the validity of this trade - For now. Stay long.
a day ago
Trade active: Asset managers have been left behind in this rallye.
A catch up was bound to happen for this sub-sectors of the financials complex.
The expected break to the upside took place yesterday on heavy volume.
Expect the fundamentals for asset managers to improve, in the context of this market rally, which should fuel better earnings.

In this context, here is a recap of the 3 strategies above:
1. Stay long, move the stop loss to $27/share;
2. Stay long, move the stop loss to $27/share;
3. Do nothing for now.
a day ago
Trade active: FYI Options strategy (#3) with updated prices would so far yield $1.47/share if closed at the prices of yesterday's close.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out