I like to GNR8NRG
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Hit 21.06 and the 200DMA is 21.05....Next week could be a hell of a ride...Watching and waiting.
Sold those BLCO's .30 higher today...Chart looks GREAT on both BLCO and BHC but overall market feels really wobbly/frothy still
Hit 20.81 so far today. Decided to sell my Friday 20 calls for .50 as I got them for .15 so more than 200% profit is how to not get slaughtered. Also saw a 'gap' just a hair under 20 as it opened and gapped up with range so far of 20.27-20.81 so I'll wait and see if that gap fills first.
DOW down 700 1.83%
Bought back my BLCO .50 cheaper than I sold them for yesterday so that's good but overall market will be interesting this week. Could fall off a cliff or bounce right back up to the highs. lol
BHC@ 8.27...Was hoping for a fast touch to the DMA's but it didn't happen. Haven't added back the calls I sold yesterday but still have a core and some flippers in case things go good with the ER.
Yesterday BLCO hit 14.66. I sold a good chunk @ 14.50 even though I wanted to keep it but got it back today @14
Chart looking like a nice set up into and after earnings next week. We shall see but I've flipped enough times and lowered my average so I'm feeling good. If it tanks on news of BHC shareholders getting BLCO stock my BHC will rise/rocket and I can either hold that for the BLCO shares or trade them accordingly being I already have BLCO shares. Or buy the shares back into BHC and that works too. Stock too cheap down here under 15
DOW down 430 over 1%
Nothing like a down market to slow your roll. lol Hence why TRADE ACCORDINGLY and don't 'fall in love' with your stocks. BHC touched 8.10 but doing better @ 8.22 Had it went below 8 I'd added but now I'll wait and see how overall markets play out the day. Went about 50% cash yesterday so might add back plays I lightened up on yesterday. However nothing wrong with sitting on dry powder as things shake out as I'm still invested, just not ALL IN.
8% not 9% my bad
Oh yeah stocks don't trade on weekends. lol
BHC 8.41
200DMA 7.84
50DMA 7.85
Lightened my 3/15 (8's) as the premium was almost .38 higher than the stock. If bad news they'd expire worthless but I expect good news but always be ready and trade accordingly. Was about 9% bounce from the bounce off the DMA's just over a week ago. I expect 15% but not greedy and it sometimes runs into ER and then sells off so...Trade Accordingly
Hit 19.50 today and is in the middle of the 200 and 50 DMA's
200DMA 21.52
50DMA 17.33
IEP closed @ 19.11
Direction depends on the divi....Kept/raised and in 20's, cut and new 52 week low under 15...
GOLDEN CROSS tomorrow...
BHC 8.17
200DMA 7.83
50DMA 7.82
We shall see what happens going into earnings. Court could announce any day. Chart setting up Golden Cross.
BLCO 13.70
Anything can happen but it's set up for a good run...
BHC @ 8.06
BLCO under 14
We could test 7 before the Golden Cross and earnings today or tomorrow to slow that cross.
200 DMA 7.83
50 DMA 7.79
BHC 8.25
BLCO 14.26
200DMA 7.83
50DMA 7.77
Looking good so far but can always throw a wrench into the machine as the volume has been low the past two uptick days...
BHC 8.07 with a low of 7.78
BLCO @ 14 up 2.4%
200 DMA 7.82
50DMA 7.84
Looking good heading into ER with the Golden Cross. I think we broke 9 this year already so that's possible if the GC isn't disturbed let alone a good ER. I'll trade accordingly and hold a core for hopefully future BLCO shares. If nothing is mentioned about that, I could see BHC trading a half of BLCO like it was before. However both should go much higher IMO and if we get no appeals and a win in court on Xifaxan, then a new 'trading range' 10-12 is possible with a POP to 15-16 before it finds it's trading range. With BLCO at 14, 80% shares times .77 your BHC holdings then divide that into the BHC shares currently is 10.78 valuing BHC as worthless. I also think BLCO will be mid 20's after split sell off is finished. Who knows but I see a LOT of value in both stocks but I flip for freebies and trade accordingly. BHC was a 30 stock on split announcement hype and mid/low 20's when Uncle Carl bought and when Crammer recommended. Those two are good to follow AFTER their plays get hit hard. Hello IEP...Divi kept at 1 or cut will decide that movement. Even if only in the short term. Good luck...
Test has happened.
200DMA 7.82
50DMA 7.72
BHC range today 7.68-7.89
So both DMA's tested!
BHC hit the 200DMA of 7.82 and went up to 8 currently 7.95
50DMA 7.70
ER on Thursday 2/22/24
BLCO @ 14 but went down to new 13.80 52 week low...
With 3 weeks before ER I'd expect a dip down to slow the Golden Cross from forming but maybe it still happens before ER. Maybe it also doesn't move the stock. Maybe we get a POP before ER and a drop after ER....There covered all the bases. lol
Doesn't matter as it's all gambling IMO as the market has been manipulated with no evictions, printed money, cash given out, FED not wanting to disturb political cycles and who knows what else...Musical Chairs but when the music stops there's a lot less chairs than thought.
Today BLCO made new 52 week low of 13.85 currently at 14 with BHC at 8....Something has changed between these two stocks. lol
I still think both are undervalued and stuck together. Needed to either give BHC shareholders the 80% BLCO shares or...Reverse Merge or buy back BLCO. At 14 for BLCO they could gobble it right back up and the spin at least let them pay down some debt when distressed the past year and a half.
BLCO at 14 feels like a spin of the 50.1% is coming this year but who knows...ER's should be this month and hopefully BOTH stocks rise up to new 52 week highs but you never know. lol
200DMA 7.82
50DMA 7.68
BHC had just touched 7.85
BLCO 13.92
200 was tested yesterday and if they take it down to 7 and keep it there it will probably keep the Golden Cross from happening until an ER says how the company is doing. ER expected in February so... Holding at 8 would probably slow the GC til ER.
Hit 7.77 which is below the 7.82 200DMA closed 7.85...Looks like it's time to get ready to RUMBLE!!!
Here we go.... BHC 8.02
200DMA 7.82
50DMA 7.67
BHC 8.15
BLCO 14.36
Been expecting a dip down to test the DMA's but haven't gotten it as of yet. Still got .15 before that Golden Cross happens. It could even test 7 with where BLCO was the other day but if the ER is good and if court goes in favor of BHC (expected) then the 'weekly' chart 200DMA is 16.57 and that becomes possible if both stocks have better than expected earnings and good news on spin/court. That's a LOT of if's and it would probably take half the year to get there with pops and drops along the way...
Well Both did rise today...
BHC 8.33 close and hit 8.42 at one point
BLCO 14.54 and hit 14.67
IT HAS BEGUN....Mortal Kombat....
200DMA 7.81
50DMA 7.61
BHC 8.18
BLCO 14.10 new 52 week low...
BHC use to trade for half or less than half of BLCO so that has changed as of late...
I'd think both would rise but you never know.
JPM doing it's best to help BHC test the DMA's or go below to 7 lol
200DMA 7.81
50DMA 7.58
BHC 8.10
BLCO 14.24
Looking at the charts BLCO looks like it's forming a bottom to go higher...BHC is setting up a Golden Cross but looks like a pull back before that's allowed.
Charts don't mean ish but they are interesting as are patterns like 7-8 in BHC. BLCO looks undervalued and I can only think it's because the market is expecting shares to be given to BHC shareholders. So using funny/fuzzy math 10,000 BHC would cost 81,000 those 10K shares would get you about 7700 shares of BLCO @ 14 that's 107,800 for 80% BHC still owns 88.7% if I recall and 50.1% is NOT tied up to debt. THAT is what I think gets distributed first and the other 29.9% later with BHC using the 8.7% to pay off their debt once BLCO is above 30... Either way BOTH companies look undervalued but this could still take another year plus before happening but it looks like the market is pricing in some shares in 2024 for BHC shareholders. Personally I'm good with buying back the 11.3% they IPO'd and bringing B&L back into the fold. I'd sell Solta but keep B&L...
200DMA 7.80
50DMA 7.55
BHC 8.04
BLCO 14.23
.25 til Golden Cross if the stock holds up. I still think we will test one if not both of those DMA's first but I also expect a good ER.
We could run into the ER. We could POP on the ER and keep running depending on debt reduction/BLCO shares and any court updates...We could also drop after the POP. That is why it's called a market...Trade accordingly
A week later and we're in the same place. lol 17.50's Looks like a 17-18ish range until news then either direction is possible. Could also trade down if the market corrects but I've got no clue. Markets like to go up in election years... Been jumping in and out of this and others as they fall into patterns. Always good to have dry powder just in case.
200DMA 7.80
50DMA 7.50
BHC 8.21
BLCO 14.25
Overall market making new highs this past week but these two act like Recession is here...
Back in IEP with Congress kicking the debt ceiling can down to March...Gives a bit more time to see what Uncle Carl can do. Probably nothing but we shall see. As long as it's NOT another divi cut then IEP should do good. Another 50% cut to .50 and I'd expect close to 10-13 trading range. Currently 17.55
200DMA 7.79
50DMA 7.46
BHC 8.24
BLCO 14.70
Congress kicked the debt ceiling down the road so now it's Beware the Ides of March...
Get a good ER and POP. Trade accordingly
Flipped three times in about a month and made 12,000 (6K shares twice and 60 calls today) Chart looks really good but overall market seems a bit topy so I want some powder in case it corrects. When it went down to 15 I had a large enough paper loss that I decided to trade once it popped. Would love to buy and hold for the divi but another 50% cut to .50 is possible. I doubt it but I'll probably jump in and out as it gets closer and I see the 12K I made as two divi's I already locked in. I invest to make money, not fall in love with any particular stock. I didn't use to think like that but change and adapt to the environment and be ready in case ish hits the fan. Good luck IEP unit holders...
Got a part of that pullback today down to 7.95 so I took another bite of calls. Still think we could test those DMA's but who knows. Overall market looks topy especially after watching JPM the past few days on a record profit ER. POPPED then DROPPED!!! Banks reactions are part of the overall market, or were before the Mag7...So, I'll play accordingly and BHC is currently 8.15 and BLCO 14.85
200DMA 7.79
50DMA 7.43
So that is tightening
Good start up 3.5% to 8.71
200DMA 7.78
50DMA 7.39
So much for a pull back before that Golden Cross. Still possible but looks like the horses want to RUN...BLCO coming back slowly @ 15.40 less than 2% up.
Giddy Up
It's holding up well with BLCO going down. BLCO @ 15.11 and chart not looking good but BHC @ 8.41 so I lightened my load but still hold a smaller core. Chart looks like a Golden Cross is setting uo with
200DMA @ 7.78
50DMA @ 7.35 and climbing.
It's the BLCO PPS that makes me think a dip will happen before that Golden Cross because of what I've seen with the two stocks and the patterns that had followed until now... Unless the market is FINALLY pricing at least a 50.1% distribution of BLCO shares to BHC shareholders. Then BHC will go a LOT higher and BLCO may keep selling off expecting people to sell their shares ASAP. I own both just in case BHC doesn't give BHC shareholders the crown jewel. We could be in for a bumpy ride with the overall market as it realizes 'we don't need no stinking rate cuts' but maybe another increase. 8-0
THANKS for touching 8.10 today. That was close enough for some reloading. May go lower but I'm ready either direction.
8.31 close which is the low of the day.
200DMA is 7.77
50DMA is 7.28
So how low will it go?!? Probably the 200DMA but even if it doesn't and hangs out here for a while we will get a Golden Cross when that 50DMA crosses over the 200DMA. We shall see...
HIT 8.94 and I traded accordingly. 8.64 at the moment so we will see if it keeps going or falls into patterns as it usually does. Either way I've got some for the ride up and powder to load if it goes down. Good luck =)
Hit 8.55 today then pulled back towards the end to close @8.41Volume on 4.332 million shares traded.
200DMA is 7.76
50DMA is climbing and @ 7.25
Maybe a 3rd day takes us to 8.75 or beyond but most likely a test of the 200DMA before the next leg up but who knows...
BLCO had an 'interesting' day today and was up to 17.20 on approval of TELP but fell all the way to 15.08 supposedly on comments at the JP Morgan conference. volume 1.219 so more than double the average but not a huge amount.
BREAKOUT!!! part deux lol
With an hour still left in the trading day BHC has hit a high of 8.24 and is currently 8.20 on less than 1.6 million shares with less than an hour left to go.
5% is always good even if for no reason. Maybe it's the chart or maybe news next week but anyways it's all good for those who know how to play.
BLCO is currently 16.4
Trading ranges still in effect. I thought the new year might have BHC climb the stairs up for a bit but 7/7.5 to 8/8.50 pattern seems to still be in full effect. Until it isn't and any court case stuff will move it accordingly.
Hit 7.56 today and currently 7.88
50DMA is 7.18
200DMA 7.75
So it tested the 200DMA and is already above. Might hold but I thought it would hit 7.50 before climbing back up. Was close enough to add but not all in. Need to see the first few days of overall market to see if it keeps going and maybe breaks 10 again. BLCO is currently 16.40 so would need that to hit 20 I'd think for BHC to hit 10 but who knows...
BREAKOUT!!! We broke out of the 200DMA today which was 7.75 and closed above 8...Here we go...Will probably test the 200DMA after a run to 8.5-8.75 then the next POP would set up a Golden Cross possibility. Currently the 50DMA is 7.16 so as that gets slower to the 200DMA ahhh BREAKOUT again...A roller coaster til then...IMO and as a WAG. We shall see...