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6 pts

Opinion on  Blackstone (BX)
Sell to Buy Later

Jun 29, 2007 07:37 PM GMT
Return Risk
-26.86% HIGH
Analyst

It was not hype when this stock started on a higher end after floatation. The market forces though cannot be ignored and given the situation in the Asset Management industry this week, we can tell that it was over valued. My view is that it is on the dive. It is good time to sell in preparation for a latter rise. Yeah, someone may argue my target of 21 is still high in one month, but i prefer to keep it there. Lets not underestimate what management can do, value will be regained it will have to prove its worth over the next months though to regain the price at which it was floated, then HOLD


BX:  This call was made on 06/29/07 @ $29.03
Rating:   Negative   $29.03 (06/29/07)
Closed:   07/04/2007 @ $30.95 (-6.61% in 5 days)
Target:   $21.00 (-27.66%) in One month


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