Thursday, April 30, 2009

Bookkeeping: Selling Half of Blackstone Group (BX)

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Much like the S&P 500, every dip to the 20 day moving average in Blackstone Group (BX) has been a buy, but for now, with a gap up I am going to sell into today's froth and set a limit order to rebuy around the 20 day moving average (low $8s). Selling down to a 0.9% stake in the $9.50s. One of our few sub $10 stocks - the whole portfolio should be of this sort based on what is running the most.

Long Blackstone Group in fund; no personal position

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