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Totally a biased short side opinion...
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IMO the only reason this IPO got done at this lofty levels is because the extremely smart crooks at BX somehow convinced State of China to invest in BX. As a naive or even a savvy US investor you would consider Chinese to be very smart/shrewed with their money and if they are putting USD 3 billion at stake, they def. have seen something in the company, so why not just invest $5k/10K of your own.
Jun 25 15:32 pm
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All Comments by Totally a biased short side opinion... »Blackstone's Debut Leaves Some Disappointed [View article]
My sympathies to the people who bought in at the open, but I would really like to see it trade below $29 and see how the chinese gov. reacts to it. They have agreed not to sell their units for 4 years. But will they keep their side of the bargain ? I do think they will but it would be interesting...