But shares of Celenese have since fallen 9% after the company withdrew guidance.
Today Pete says the play isn’t working out, yet. However he is staying with this stock.
On June 22nd, The Ambassador decided to invest with the proverbial “smartest person in the room” – and he recommended Blackstone (BX) on a dip. He said “its a very impressive story. I think consumers want to own hedge funds.”
Maybe that Schwarzman guy was onto something when he decided to sell his company to the public. Shares of Blackstone are 27% lower since Seymour made his call.
Today Tim says he’s taken half his position off the table and plans to ride out the rest.
Last Thursday, The Lone Wolf recommended shorting the king of caffeine. He said, “Starbucks (SBUX) is a short until further notice…”
Starbucks has been perking up lately; it’s 7% higher since the call.
Today Jeff says it’s a hard market to short. But he still doesn’t love the stock