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Sunday, July 8, 2007

Blackstone Group, L.P., and Hilton Hotels Corp.

Did you buy Blackstone Group L.P. (BX) when it went public several days ago?

I hope not. The stock spiked at the open to a high about $38 per share and then fell to a low of $29.75 over the next several trading days. It closed last week at $31.50, still well off it's opening day high.

There was another play involving Blackstone Group that could have still made you money a nice chunk of change, though...

Blackstone Group, L.P., is a private equity company. They make their money by purchasing other companies that they believe are undervalued or that can be turned around. A few days ago they announced their intention to purchase Hilton Hotels, Corp. (HLT) , which sent the hotel company's stock soaring!



Okay. So absent inside information or a working crystal ball, how could you have caught this move?

Well, I am here to tell you that you could have...

I can say that, because I saw it with my own eyes. This was the hidden Blackstone play that savvy MarketClub members had the opportunity to jump on.


If you use the above link, you will be treated to a video that reveals how traders were positioned for this move in advance of the Blackstone Group's buy out bid.

Now, an options trader could have really cleaned up if they knew what they were doing...

Good trading!

Christopher Smith
TheOptionClub.com

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