I'd say it's 75M. Insiders won't sell but there will be tons of flipping when it hits the roof. Certainly no one is going to sell right away and that will see this thing rocket! But once the first wave of sellers hit, we might see a huge churn of shares start. It's going to gap up like mad though probably in the open. I still don't think anyone really knows what they're buying, same way people threw money at Long Term Capital because they were so smart!
They're not doing a very good job of propping the market for BX. Hedge funds playing against the banks?
They just reported they are "taking down" any trades printed pre-NYSE opening. This should screw a few people!
Why do you say that? I thought it would be way more out of control. It's having a hard time staying above $37 right now.
double dutch actually. If the markets were looking for a big boost from BX, not trading on the NYSE isn't going to help much.