I like to GNR8NRG
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BHC traded 8.71 down to 8.31 with a 8.41 close...The 50 DMA is 8.33 so it might be a bounce off the 50 DMA but I'm thinking it will test the 200 DMA currently @ 7.72 and if that breaks then 7.50-7.10 before any climb back up to 8. The old trading range but who knows. We could try and test 9 but if it doesn't run then Head and Shoulders will form. As Billy Idol says...Dancing with myself uh oh uh ohhoo
Today so far we opened higher @ 8.93 and then fell to 8.60 so probably some consoladating before the next move. Would love to day trade it but my TDA says one more round trip in the 5 day window and they'll label me that even though I've got a lot more than 25K so...oh well.
If you take out that May to June on the chart it looks like a massive cup and handle forming but that dip to under 6 and rip to above 8 probably affects it but I don't know as it's all my WAG IMO. =P
BHC 8.90 close 8.52 low with 8.95 high later...I traded it for a few pennies near the low but had to move some furnishings and wasn't trusting the overall market to not keep an eye on my 'flippers' Made enough to pay the movers, Uhaul and gas so that's great.
I'm looking at the chart and it looks like we could break out and make a new 52 week high but if we only go up a little bit for a few days then that could also be the right shoulder of a Head and Shoulders pattern. Got my core either way and a few calls I got cheap today when BHC was trading near the lows but others got cheaper. lol
Massive volume on the Aug 18th 9 calls. Over 10K with 27K already opt interest.
Also Sept 15th 8 calls with over 15K and almost 27K op int...
This one is going to make a move soon but I can't tell which way from that chart so I might have to wait until a 'pattern' emerges again. GL
BLCO 18.60 close with 18.14 to 18.85 range...
Well that was unexpected...20.54 low to 25.74 high and 25.09 close
So if it was trading consistently @ 50 with a 2 dollar divi the cut to 1 dollar makes the 25 current price make sense.
However that's not factoring in anything bad so...IMO I expect lower. 35 was only 70% of 50 so 17.50 is 70% of 25 and that was before we knew anything. Low of 18.03 is 36% of 50 so 36% of 25 is 9...That said I doubt this ever closes under 10 bucks but 'funny math' is funny and if people thought it was overvalued before then I'd guess they think it's still the same. Watch out for another short attack.
In 2 days we popped to 10.15 and dropped below 9 so...NAILED IT!!! lol
How low can we go?!? 8.50 or 7's?
Fridays action saw BHC trade between 9.54 early all the way down to 8.96 with a 9.06 close.
BLCO closed 18.63 and was a dollar higher early day trading...
Looks like were going back down but is it going to be a higher trading 'pattern' like 8.50 to 9.50 or the past lower one... Been flipping and have a core and holding a lot of dry powder as overall markets could get rocky for a bit but who knows...
BHC popped to 10.15 and in about 5 min went down to 9.5 so we will see where the day ends.
BLCO went below 18.50 so that makes sense
BLCO poped then dropped too...I suspect BHC will do the same with BHC trading today between 9.25 and 9.51 with 9.33 close...
BLCO closed @ 18.91 and traded as high as 20.30 and low of 18.70
DOW down 348 and S&P down 63
MRK, PFE and VNDA popped and dropped on earnings...BHC has a hard time staying above 10 until it finally doesn't.
Is this a massive inverse head and shoulders pattern?!? I'd say you have to squint as it's a bit jagged but if so I'd venture a guess that the 'head' looks like 5.75 in May 2023 and the neckline squinting is 9.50's or so. So if it is then 9.50 - 5.75 is 3.75 and looking at a graph I googled from personal finance lab the 'throwback to target would then be a PPS of 13.25...This is all IMO and probably total BS but it is interesting as I've always thought the sell off was overdone and even @ 15 it's still undervalued but will take time to prove that. I'd assume if BHC did breakout that we hadn't stayed above 10 much since the IPO disaster so maybe that 10 ceiling becomes a floor?!? If broken then not for long type of thing like we had here before. Hummm
BHC 9.35 to 9.69 range today with 9.58 close.
I was hoping for a pull back before ER to load up but we could easily go down unless we have an incredible ER/announcement like BLCO shares which are currently 19.74
At some point I think we are much higher but when I don't know. Would be nice to start a higher PPS pattern to trade off of.
BHC 9.21 to 9.59 range today closed at HOD 9.59
BLCO 20.20
BHC 9.32 to 9.63 range today currently 9.44
BLCO under 20
BOOYAHHHH....
POP to 9.38 over 9% currently 9.19 where I sold my Jan 24's for a nice gain. Wanted to keep it but I've got other options ready for the ER.
200DMA 7.50
50DMA 7.53 so we got a golden cross POP
I think a new 52 week high breaking 10.23 happens soon but I got a .30 premium on the Jan calls (5) when I sold and being we didn't go over that price today I'll trade accordingly and flip for freebies.
THANK YOU =)
200 and 50 DMA's are 7.49 today...Looks like the drop a before ER might be stronger with the run up the last few weeks from just above 7 is keeping us around 8.40
So 7-8.5 range...still intact until it isn't.
BLCO 20.99 up 3% today
BHC 8.40 down 1%
200 DMA 7.48
50 DMA 7.47
Golden cross tomorrow and is that an inverse head and shoulders and cup and handle?!?
Things never go the way you expect it though. lol
BLCO @ 19.68 down less than 1%
BHC jumped up Friday to 8.59 but closed 8.33 if I recall and up today 5% to 8.76 with a golden cross coming soon. I got some puts to cover in case some BS happens but...
200DMA 7.46
50 DMA 7.40
We shall see what happens and I'm ready either direction. Took some excellent profits on Friday's POP
Today BLCO buys XIIDRA from NVS and makes new all time high of 21.95
BHC went up to 8.22 and closed at 8
So the future 'growth' will be the BLCO asset and getting 80% of the company in BHC shareholders hands. BHC is 7% short interest as BLCO is over 17 and stock is just above 20...
I think both are undervalued
BLCO hits 21.95 (up 9% @ 21) on buying XIIDRA from NVS
BHC jumping over 8 bucks for over 2% gain
200DMA 7.45
50DMA 7.34
19.44 for BLCO but BHC up almost 3% again to 7.85
Could be setting up a golden cross soon as 200DMA is 7.44 and 50DMA is 7.33 but who knows...Could always go down lol
BLCO down 2% to 19.36 from 52 week high yesterday of 20.19
BHC up almost 3% to 7.62
Funny is TEVA NVAX and BHC were all 7.50's range today
BLCO (19.34) short interest still says 19% but what's strange is BHC (7.19) now says 7.24% short interest but has the same 5/31 date?!? Over 66% Instit owned....traded 7.28 to 7.10 with less than 2 million shares which is the 10 day average.
BLCO 19.25 and BHC 7.45
Got those numbers from my TDAmertrade account but Marketwatch says less than 7% shorted for BHC but BLCO is still 19% Roller coaster for sure.
I was WRONG about the overall market...S&P has officially broken out of the Bear (up 20%) but BHC @ 7.19 seems to be in the same place but riding a roller coaster. With 37% Short interest I expect the roller coaster to have quite the ups and downs. lol
BLCO (18.50) short interest is 19% but BHC (7.19) is 37.22 as of 5/31....What is that like a more than 350% increase?!? No wonder Norwich sued the FDA. Somebody needed a press release to take BHC down and an investigation is needed. Is this Icahn/Ackman related?!?
I just saw BHC has 37.22 short interest as of 5/31/23?!? It was MUCH LOWER in the months before and I smell something fishy with Norwich suing the FDA. Probably helped those shorts cover or maybe this is something Icahn/Ackman related?!?
1 year later not so much. lol Though 88.7% of BLCO is still with BHC over a year after the IPO...BS!
Currently about 18.50 for BLCO with 19% short interest and almost 13% Inst/own...
BHC I use to see under 10% short interest but I double taked when I saw 37.22% short interest (as of 5/31/23 and 66% Inst/own trading at 7.19 today. WTF?!? That's some SERIOUS Shorts...Also seems kind of fishy with the 5/17 judge ruling in BHC favor sending the stock from 6 to 9 in days...Only to have Norwich sue the FDA to overrule the courts news on 6/6/23 with the stock breaking below 8 the day before and then breaking below 7... I think a lawsuit and an investigation is in order.
And yet another biotech that likes to pop and drop. lol
Here's another biotech that keeps following a pattern of popping and dropping. lol 7.22 to 7.37 today but looking like it wants to go up again and was over 11 less than 6 months ago.
We were just over 8 bucks the other and Norwich suing FDA took us as low as 6.82 for 15% down at one point but closed 7.25 for 9% down. We are currently below 50(7.40) and 200 (7.34) DMA's and this might set up a golden cross but it's the next ER that I'm looking forward to.
Broke below 8 for a moment today but closed 8.20
Added some 2024 ITM calls just in case.
Hit 8.95 Friday before pulling back into 8.30's the question is will it run off to the races or pull back into pattern. Also debt talks not going well might make major market correction...
Up over 11% to 8.33 Sweet...
Went back to 6 and under after last ER. However today's news sent BHC from 6 to 8.50 all within the trading day and closed just below 7.50...
I did very well as I had a lot expiring this week.
Was adding today early am and last week. Looking good but plan to flip for freebies. Thought it might go into 11's but added some 15 calls that are juicy now and some Jan super POP flippers just in case NASH actually happens. Doubt it but never know. =)
Happy April Fools day...Overall market has been running to finish off March. Jan up/Feb down March up and April?!? BHC went down to 7.02 but finished strong Friday to 8.10 which is where is use to break down. However on a daily chart 8.75 would cap off another 'shoulder' top a head and shoulders 'possibility.' which is bearish. Though it could keep climbing and make a 3rd mountain peak before any major retracement which takes H&S off the table if it breaks well above the 10.20's we had before. Looking at the weekly chart if it breaks or gets back to 10 it looks like a 'cup and handle' and if I recall it's 50% higher from top to bottom. So if 10 is top and 4 is bottom we could hit 13 but I'd guess 15 or close to it would be more likely on a short squeeze. BLCO is at 17.41 and 50.1% would get us close to 8.75...BLCO has 18% short interest so they expect a sell off if BHC gets shares. BHC's short interest is less than 8%...
So this can still go either way and I 'adjusted accordingly' as I'm sure there's a way more savy investors have been playing these two. I'm not savy, just watching, learning and reporting. =)
Just hit 7.25 and overall market looks like it wants to go down for a while. Chart broken below averages and this could fly on news or keep inching down. Low volume doing it's slow drop down. Cash is KING and god luck.
7.52 so gap filled. However overall market looking really bad so might go back to 6....