Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
The old 22-26 range...This stock sure does like finding trading ranges. =) I remeber one time it decided to stop hanging out in the range and ran up, up and away. Yet here we are today much lower. I guess buy and hold isn't what it use to be when my Grandpa bought me some at birth in 1971...Well all the government/FED intervention just means you learn the new rules and play within their game. As a Fannie/Freddy/WAMU and Lehman trader/investor/gambler you begin to see things in another way...A game of musical chairs but more than 1 gets pulled when the music stops. Focus on what you want, smile and enjoy the ride as best you can.
Oh all of this is IMO but Interesting action on the FED .5 rate cut and what happened looking back in time...down/up/down and look how high BHC share price was. 18 floor 22-24 trading range and 26.50 the ceiling...Well then tank to low 11with lockdowns and yet it climbed back up into the 30's off the spinoff news and then TANKED all the way to 8 on that not going well then topping off around 11 before the SUPER TANK to 4 thinking we'd lose XIFAXAN to generics but the hoops needed to do that will probably keep our exclusivity also IMO. Only time will tell even if the PPS doesn't at this time.
More past numbers to keep in mind. I think we topped out around 11.15 after we fell from that mess we called an IPO. If BHC shareholders don't get 80% of BLCO I think these numbers from years ago might prove helpful in any future action needed.
Looks like the 26/26.5 was accurate as this puppy likes it's floors and ceilings. Got a LONG WAY to get to the old ranges but anything can happen. Selling Solta if it's doing good now that the world is open (Hello China) would really give us some gas to shoot for the old trading ranges. =P If 88.7% of BLCO are held for another year then maybe we get back to 20's if BLCO PPS gets the old valuation that Crammer pumped before BHC dumped. Hummm. Need to keep a list of his picks and buy them a year or so later. lol
A post of mine from over two years ago talking about a past golden cross getting a 40% POP
After the POP from BLCO's new CEO we went down to around 8.60 the day before ER and hit 10.23 before the first half hour of trading. (Almost 20% gain) Closed Friday (2/24) @ 9.57 The 500 DMA crossed over the 200 DMA but the 200 was desending so not sure if that's a golden cross or not. However BHC hit 7.10 around 2/12 or 2/13 which is almost a 45% gain. This could go either way and try to run 75% around 12.5 which would be more than 200% from it's 52 week low of 4. With Almost 71% held by instituitions according to TDA and less than 7% short interest. The chart also shows a gap between 7.50 and 8 so that could fill too. That BLCO (18.33 currently) distribution makes me think, (9.18 for 50.1% & 14.66 for 80%) and we're trading like 50.1% is possible (BLCO short interest 15.5% and 12.6% inst. owned) and after that we'd fill that gap and maybe make a new low but might hold 4 in anticipation of getting 29.9% more in a much later time as the company uses the other 8.7% of BLCO shares to pay down debt... Will plan to trade accordingly while keeping a core for an unexpected event. Basically 'flip for freebies' Good luck
Broke up above 9 =)
Got down to around 7.10 Monday 2/13/23 so I think 6's are gone for good as we find a higher 'trading range' as the 6/6.5 to 7.50/8 one comes to a close. Could see it going down to 7.5 to close that gap but could also see it run away close to 12.50 so I'll be playing accordingly.
Still trading it but it looks like it broke out a bit so probably won't go down to 6's again but who knows. Whole market could start another leg down this week but maybe the temp bottom is in for the year but I doubt it. BHC is trade worty until it finally breaks free of this trading range with some good news.
With the new year, there should be no one selling to book a tax loss. Now if BHC could just get out some news...
Selling the 7.80's in the AH was great as it opened 7.50 and went below 7. I bought back at 7.20 and just sold most of my calls and shares in the 7.90's range but bought some other ITM calls as I expect it will keep going but I needed to lock in some profits for losses when we dropped below 20's Trade accordingly and had gotten my average to below the bounce when the IPO didn't go as planned but bought WAY too many shares/calls on this roller coaster and needed to derisk overall. 80% cash and willing to buy if we fall back into that old trading range but hopefully we will put those numbers to bed before the end of the year. Trade accordingly.
Up almost 15% in the AH. 6.82 to 7.80's. Got lots of ITM calls so I sold my shares, most 7.84 because of a 'trading range that use to be buy 6.5 sell 7.5 but maybe with the news that 15% will be 25% 8.50's and much higher over the next few days but they also might try to fill any gap but we were under the 50 dma @ 6.95 and 200 dma is 11.83 so maybe a run goes 75% like the old days which would be just under 12 which is around what the BLCO shares are worth @ 14.56 Happy trading and good luck. Might be an EXCELLENT early Santa Claus rally for BHC. Wwweee
I figured 5 bucks is where BHC would trade AFTER the distribution so I've loaded the boat before the judge rules, settlement or distribution. The only thing that has happened in the past year is the HORRIBLE timing of the BLCO IPO at a much lower price but only 10%... Stock was at 30 under a year ago and it was expected to go much higher on IPO but TIMING is everything. I'd say adding under 5 is great timing for buy and hold even if the Recession hits really hard. This is a Depression price IMO. Depression for those already holding before last weeks fall. Yes I was one of them. lol
BHC: Xifaxan IP outcome highly important, possible ripple
“Sometime in August”, BHC expects Judge Andrews to issue a ruling in the Xifaxan
patent dispute (vs. Alvogen-Norwich). Based on the trial, the primary patents-in-dispute
are BHC’s method-of-use patents (Alvogen stipulated infringement of polymorph
patent), which puts the risk of LOE (currently Jan. 1, 2028) possibly earlier, sometime in
2H’24E. Sizing the stock upside is challenging, given the bulk of the SOTP value resides
in a future (planned) spin-off (or distribution) of BLCO shares to BHC holders. At a
minimum, a clear win across all patents-in-dispute would narrow the ~25% discount
(market cap of BHC vs. BLCO) on the 80% of BLCO value that BHC shareholders are
expected to receive, while additional upside depends on whether BLCO actually trades at
a discount due to the Xifaxan outcome (and presumed risk it poses to a clean
distribution). Risk to the downside – similarly unclear given Bausch could still appeal the
ruling and look to execute a spin-off (even following a patent loss scenario) per prior
BHC Chairman Joe Papa. BHC now trades at 7.7x 2022E EBITDA vs. 6-7.6x for spec
pharma peers, thus we see de-rating as a risk in a patent loss scenario with CF durability
(LOE overhang) issues. We maintain Underperform on BHC as we are more cautious on
SOTP value-unlock thesis and risks to protracted time-to-spin.
I agree that this stability in this market is a good sign. Still have a small position...but will look to get more once things start to settle down.
Trading sideways now through the volatility, might be a good sign $BHC
Bausch + Lomb Launches IPO and Begins Trading Under "BLCO" Ticker; Bausch Health Will Separate Chairman and CEO Roles
Bausch Health's eye health business, Bausch + Lomb, which launched its initial public offering ("IPO") and subsequently began trading under the ticker "BLCO" on May 6, 2022, expects the IPO to close today, May 10, 2022. Bausch + Lomb remains on track to spin off from Bausch Health, following the expiry of customary lock-ups related to the IPO, achievement of target net leverage ratios and subject to market conditions, receipt of applicable shareholder and other necessary approvals.2 The Company expects to close the IPO with $630 million in gross proceeds to be applied for the repayment of Bausch Health's long-term debt on May 10, 2022.
Mr. Appio will assume the role of CEO of Bausch Health, effective upon the closing of the IPO of Bausch + Lomb. The Company also separated the roles of chairman and CEO, with Joseph C. Papa remaining as Chairman until the full separation of Bausch + Lomb. Mr. Papa will be succeeded by Robert N. Power.4
Dude wtf, wow
VERY rare to see an RSI at 12 and not see a big gain within three months.
RSI @12.55, Holy Crap talk about Oversold
Markets are wild, dont know much about this one but the Puts bought and Sold today after Cramer said he wanted some, although this seems oversold
Agreed. There are some stocks out here, like BHC, which are getting oversold--but the overall market is NOT oversold yet. So the risk is still there that these oversold stocks still go down some more.
I have put in a BUY order at the double bottom price--for an initial position.
looks like an amazing buy. total overreaction by the market.
Have to go up 50% to reach where we were a month ago. Should have just cancelled the IPO
Cramer says he wants to buy for his Travel Trust, guess I'll buy Puts
Hit a low of 18.20 with IPO not being as big (10%) and the range (21-24) being too low for big debt payoff. Oh well...At least we will get to look at B&L as a separate company.
Looks like 18 may happen if no IPO soon and 14 had a lot of action looking at your chart if it is officially postponed. Timing is EVERYTHING and IPO window isn't looking good with overall market and current PPS of BHC.
Agree. IMO PAPA should go ahead and bring the IPO to market as soon as possible.
low $20's now - looks cheap based on earnings estimates as well as the upcoming spinoff IPO's
$BHC
Such high hopes but fizzled in the mid/upper $30s. I thought it could go to the $80s.
Still it hit $34.80 before dropping some and that ain't bad.
Oops! It looks like l was wrong!
Easy 40$ this month!
Hit $34s today and hitting 52 week highs almost EVERY day
Hit $33+ this morning.
By the end of March 40$!
For the very first time in years l am very positive about BHC!
It's been years since BHC has hit $32s. YEARS.
I am confident it is coming !!!!!
BHC showing strength -Carl Ichan ..Carl Ichan .. Carl Ichan
But we need help from US markets to reach $40 in March.
Carl took Apple from $388 to high $700s in 3 months.
I see very clearly 40$ coming soon!
Maybe in 6 months. But it depends on the stock market continuing to go UP
What do you think? How kind ll take to get to 50ties?
BHC imo could hit $50s: Carl Icahn disclosed a 7.8% stake in BHC and is now largest single shareholder.
Followers
|
92
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
5023
|
Created
|
05/15/08
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |