Will Blackstone (BX) share price takes off again?

Question

Will Blackstone (BX) share price takes off again?

Answer 1

It might, but not for a while.  Many people jumped on the bandwagon, driving the price up initially well beyond fair value.  For a while, it'll trade down a bit to shake out the weak sisters.  

After a while, once they're gone and BX does a few more buyouts, and/or if they announce spectacular earnings next quarter, then it could start to move.

Until then, probably more of the same chop as it's had so far.

Hope that helps!