Bausch Health Companies Inc (BHC)

[growtheport]

Perhaps there was something in the fundamentals and filings that said the same thing. I don't know how to read that stuff.

It's quite easy to read a 10Q/10K. And a simple financial statement. Or read the latest earnings call transcript. These are clues to the future direction of a company (and it's stock) as the market generally rewards a positive outlook. A continued decline in EPS and revenues are easy trends to spot and be concerned if you have a long position.

I traded this stock in the $20s, made a few bucks, and got stopped out. I tried to find a decent entry around $14 and got stopped out twice. With volatile, unloved, beaten down stocks I start small and set stops.

Fundamentalists usually know enough to wait for a bottom even if the stock is "cheap" using traditional metrics. But if you read Seeking Alpha (really smart folks read and post there) there are quite a few longs in the 20s and teens.

At some point I'll proabably re-enter. I waiting now for the next bad/neutral earnings report and more downward pressure.