BELLUS Health Inc (BLU)

[sharky]

BLU 31.70 RSI, 50ma at 4.84, gap in chart at 10.00





$BLU

[jonsmile]

That was then this is now

[sharky]

Was trading over 10.00 in July



$BLU

[Oliverjack]

just did 3300 boom almost 5k this week

[Oliverjack]

hehe see just mad $1450

[Oliverjack]

boom another g note here see

[Grandmasim]

Very simple. Buy low. Sell higher.

[jonsmile]

I see it’s at and near a 52 week low

[Oliverjack]

than why reply to mine

[Grandmasim]

You guys have to reread the statement you have it flip flopped. He does make sense.

[Grandmasim]

I wasn't referring to you.

[jonsmile]

How ? That’s my question it’s down every day it’s never up 20 cents to do that

We must be talking about a different stock

[Oliverjack]

read what I said previously I hold and flip I'm holding over $100k worth and I flip 10k shares to make 2000+ a week

[jonsmile]

Make up ur mind are profits coming or your making profits

Cause I can’t see how u could of ever made profits here since it’s straight down since 12 bucks

And I do agree eventually it will bottom then u can make money

[jonsmile]

I agree

However for now looks like garbage I’m long 3000 shares as soon as I free up money I’ll buy another 3000 shares till I’m back to my 8000 bit like I said the trend here is not our friend

[Oliverjack]

no hope here bud huge profits soon enough

[Oliverjack]

way more upward potential

[Oliverjack]

not me I like my big profits but I know how to trade does not sound like you do

[Grandmasim]

Yup. The one relaying your strategy is not a good one is the one who has a terrible strategy.

Hmm...flip it as many times as possible or

Sell some for a loss and hold the rest long...

In essence this individual who has the bad strategy will need a 100-300% gain as opposed to flipping multiple times and more than likely already being at a 100-300% aggregate gain.

Hope is the worst investment strategy.

[jonsmile]

What flips it’s at or near it’s 52 week low

Chart is complete broken

[Oliverjack]

far from dead this thing flips like crazy I loaded 10k shares at 3.33 I'm up $500 have have already did over 10k in flips alone did 32k on the first drop 3.55- $5

[jonsmile]

Explain please I’m confused

How can u flip if your money is sitting in a dead stock


I like my logic keep a little so I can watch it daily in portfolio

Once it moves u buy more

[jonsmile]

Rather pay higher and know it’s going higher

Call me crazy

Then sit on dead money

[Oliverjack]

you can easily flip while you wait and keep a position open I am able to make 2+k a week by flipping with 40k

[Oliverjack]

because when she starts moving it to hard to get in I like cheapies :)

[jonsmile]

How does this not make sense

Why should someone tie up there money on a dead position

When they can buy it when it starts to move

It makes all the sense on the world

For example I had 8000 shares I sold all but 3000 shares

I kept 3000 so it’s not in my portfolio to watch

Once I see it start moving up I’ll buy more

Could take a week or a month or 6 months

Why tie up money on a dead position

[Oliverjack]

that made no sense please try again

[jonsmile]

And I did not sell it all I still own 3000 shares out of my 8000

[jonsmile]

I owned it for months trust me in a down trend


Till it’s note I’d rather pay 3 to 4 and know it’s going back to 10

[Oliverjack]

until you cant it has been confirming lower bottoms has been stair stepping up. closed -3% after hours has me worried usually that means a great day tom

[jonsmile]

I sold it all it’s dead money for now see the beauty about the market is u can always get back in at any time

[Oliverjack]

$97,830,590.00 cad CASH ON HAND 0 DEBT ????????????????????

[Oliverjack]

damn they scared you out of your shares I dropped a 1/4 of mine almost st high of day to get in tom know what you own ;)

[jonsmile]

How much cash on hand ?

[jonsmile]

I sold a third of my posit for a loss I’ll sell a third more in a few hours was hoping for a pop guess not

[jonsmile]

Gapping ? Looks like a none event was hoping for a pop :(

[Oliverjack]

BEAT ESTIMATES BY .04 74,000,000 CASH ON HAND 0 DEBT ???????? FUEL THE JETTTTTTT ITS GAPPING PREMSRKET ALREADY

[Oliverjack]

lol move on

[jonsmile]

Dreaming ? I own 10,000 I want 30 bucks I’m just saying based on how markets been trading for these small dollar stocks last few trading sessions they get smacked of earnings are bad and rewarded if good

Was just saying

[Oliverjack]

I highly dought 1.50 lol this won't see new lows do to the upcoming quarter good luck dreaming

[jonsmile]

This is either 3.50 or 1.50 friday we shall see

[Oliverjack]

she will tick tock I'm okay with it trading sideways she will be back up 3rd quarter

[jonsmile]

We give it to earnings

[Lonewolf1]

This POS only knows one direction, and it’s not north.

Since the plunge, it has not been able to recover one iota....

[Up_Down]

The amount of insider buying at this level would suggest good news to come unless there's some other motive to their actions where they would accept a large loss.

The technical indicators from the chart show this has a lot of room to move up with good news.

Hopefully we will all be celebrating news Friday morning here... if not, I can always add baileys to my coffee

[jonsmile]

Let’s hope they blow them out of the water and stock is up 3 bucks friday

[Up_Down]

I believe earnings are to be released 8/13 after market

[Power of Emouna]

MUST WATCH

BELLUS Health Reports Full Year 2019 Financial Results

Cash Position: As of December 31, 2019, the Company had available cash, cash equivalents and short-term investments totalling C$116,884,000 (US$89,980,000), compared to C$48,906,000 (US$35,863,000) as at December 31, 2018.

Here is a direct link to the financial report:
https://ir.bellushealth.com/news-releases/news-release-details/bellus-health-reports-full-year-2019-financial-results-and


Solid company that admittedly had a setback on the FDA phase trial. CEO came out and stated they still know their product works but not at the limited threshold of the study. They will push for another phase 2 in 4th quarter and the stock will rebound hard much higher then $12 price before the crash if phase 2 is successful this time. We could see $20++ imo with a successful phase 2. Way oversold and undervalued down here. Go $BLU$

In the RELIEF trial, we observed data that we believe is competitive within the P2X3 class, including the reduction in cough frequency shown in patients with higher cough counts and a low taste effect. While we had hoped to see more response in the lower cough patients, BLU-5937 and other P2X3 antagonists may have the most benefit in patients with a greater disease burden,” said Roberto Bellini, President and Chief Executive Officer of BELLUS Health. “We believe the Phase 2 data support moving BLU-5937 forward into an adaptive Phase 2b trial enriched for higher cough count patients. We expect to begin this trial in the fourth quarter of 2020.”

https://www.otcmarkets.com/stock/BLU/news/story?e&id=1637916

[Power of Emouna]

Considering insiders loaded huge last few weeks i'm not worried! I'm following the money!! $BLU

Insider buys: Wow $631,619.90 was purchased by insiders in the last 3 week! Very telling!!

July 14, 2020 Bellini, Francesco 10,000 shares bought at $3.30 for total of $33,000.

July 13, 2020 Larochelle, Pierre 55,000 shares bought at $3.75 for a total of $206,250

July 06, 2020 Bellini, Francesco 56,187 shares bought at $2.70 for a total of $151,704.90

July 06, 2020 another purchase of Bellini, Francesco 50,000 shares bought at $2.73 for a total of $136,500

July 15, 2020 another purchase of Bellini, Francesco 41,666 shares. No registered price but average trading price for that day was $2.50/share. That's $104,165

Total of insider trades between July 06, 2020 and July 15, 2020 was $631,619.90

Check out the filings here! Click on Filings by transaction date to see them all.

https://m.canadianinsider.com/node/7?ticker=BLU

[jonsmile]

Blu earnings 8/11 after bell not trading like something good is coming did the last bad news scare everyone away