I like to GNR8NRG
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.
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.
Still think we're headed back down but at least we're above the 50 DMA
Good chance to keep heading higher with approval but probably a buy the rumor, sell the news like the ER.
Touched it today but probably headed back down.
Join us...
https://ih.advfn.com/stock-market/NYSE/bausch-health-companies-BHC/stock-price
Join us...
One of us...one of us...one of...You get the picture. BHC board took a while but now peeps be chatting.
Looks like somebody wanted the ol VRX ticker. LOL
Surprised we didn't go down to the 200 DMA @ 19.70
Will have to break and close above 22.50 or will probably just bounce around in a tightening range. 20.50-22.50
Looking like a bounce off of 7.55 to make a new high before heading back down again. ATM to take back below 8.50 after the new high.
I'd buy this with what I see coming the next few months, but it doesn't trade as well as it should when it does hit the fan. Good for 50% flips but when VIX jumps 100% in a day TVIX should go 300% but usually only 30% Hence why I'll be moving to cash for the big flush. Even if market makes a new high I don't trust it as it only takes indexes higher, many other stocks are 52 week lows so...That's a sign if I've ever seen one. Energy and crypto are tempting but banks will probably short crypto and if we do go over 100 a barrel for oil it just brings the recession right behind it. In and out, trade, trade, trade or just stay out. I'll chose the latter.
WOW Management hates it's stock being over 8.50. More dilution @ 8.25 Glad I lightened up 9.20's Unreal management helps SHORTY cover from them hammering us on approval. UNREAL!!! Will be 100% out of the market soon. Shorts are in control of most stocks not in FANG or overall indexes like MSFT. Look out below when the dam breaks. Good luck to PGNX longs as shareholders before approval deserved better...
It's reminding me of what happened back in the day with Fanapt, Deerfield etc...
You mean next monday or the next one because it's almost a buck now. =(
Not a clue. The beatdown just contines SLS or GALE doesn't stop the beatings...
Stock was over 5 bucks less than a month ago and currently 1.55 after great news on Friday where it had jumped from 1.37 to over 2 bucks before massive beatdown with 13 million shares when the average was about 250K
You are 100% right about the closing on the 16th. Not sure about the institutional investors but I did see two things...
The sc13g 4 days ago and 3 days ago the s3. I'm not up to date on all the SLS info as I've been in and out since GALE and have calls from back then too.
The s3 looks like shares exchanged from March convertables. If so, my WAG is many investors in March went SHORT and had to use the convertables to cover and that's why so many shares traded hands Friday. Up 50% to fall to up 1% Over 13 million shares traded hands but until recently we only had 7.4 million according to my TDA and 70% Instit owned with 10% Short.
Something just doesn't add up with all those numbers and where the PPS went. I expect an investigation and a halt to shares and when all the dust clears we could bemuch higher and then shorts will have to cover. However no one ever seems to investagate squat so SHORTS will hammer us down again and again until RS and then hammer again and again until good news POPS us and they get caught and take it down again like Friday. I sound a bit negative but been here long enough to know somebody always takes us down on good POPS and then slowly bleeds it lower. Criminals like that deserve a bullet and not a cell. Wait it's not considered criminal, just having more cash to push it down than those can keep it up...ARGH!!! LOL Just venting
They just dilluted so that doesn't make sense. I'm thinking big SHORT got caught below 1.70 and naked this thing to below that hoping to break free some shares.
Chart still intact?!? 23.70 down to 22.50 and back up to 23 in first 15 min...Volume 500K
Tried to buy some calls when we were under 23 but can't yet. Also can't put pre-set sell orders on the ones I've got either. Thought this might happen...
Reading Docs old posts convinced me the problem was the price. 5000 shoud reduce to 2600 as it costs 600. I'd be all over a 2 million profit especially if it came quicker because of pricing than the 4.2 profit taking another year. Once it saturates the market and gets us known, then raise prices 9.9% a year until 5000 is reached. Good for PR and keeping dillution to a minimum. Growth is good but cash is lower than desired. Hopefully our new partners are selling well.
I like the positive thoughts. Been reading Docs past posts from years ago. Can't hardly believe with how much better off we are now (approval, 100% rights) that were trading soooo much lower than then. Doesn't make sense.
Closed 23.40 on it's last day trading under VRX. New name, new ticker BHC and a new chart...Lets see where we go from here... =P
It's that last part that has me worried and wondering. Wondering what 'offers' might be out there (positive) and worried we'd vote on issuing more shares and a RS. YIKES!!!
The drop below 23.50 got me to take a loss on those name change calls and today it's solidly over 24... Sneeky bass turds. LOL
Bought some of the name change calls back. Sold .35 picked back up .22 because it looked like it’d close above 23.50 which it did. Don’t need as many of those as I had unless the strength continues. Otherwise will add some ER calls around 22.50-23 range but still worried about a H&S forming if we don’t keep rising this week. Won’t ‘risk’ as much as I usually do because of it LOL
Hopefully VRX hangs out until PGNX approval at the end of the month. (Fingers crossed).
Sold most of my calls on the POP. Still holding some for ER.
Volume didn't convince me that it could escape the trading range. Needs to close above 23.50 to do so...
10 day Volume avg is just above 5 mil, it use to be twice that.
Looks like a H&S pattern forming. You might get that drop after all. Will be watching for a close below 22.50
Think I'm going to the shareholders meeting because I never have and think it'd be a cool experience. Got 10,000 to vote on the recording day.
Gf said she wants to shop in SF and it's just 45 min to GGbridge from my place...Anyone know how long these things are?
Mizuho's Irina Koffler upgraded to 31. Last time she upgraded to 27 and we hit it a few weeks later. She was bearish to 10 not too long ago and got it right the first time. GS will probably say buy 25 if they're going to do anything...
Currently in a trading range of 22.50 to 23.50 as anything above doesn't hold. might go down and test the 50 DMA under 22 but doubt we go much lower before ER. Unless it's a drop to POP on ER which VRX is know for. So yep...I've got no clue LOL
Sold all my puts. .45 buy and 1.06 and 2.48 each 1/2 sold
Still think it'll go lower this week but really fast for NFLX in one day
Flipped half of the puts I bought on Thursday to be riding 'freebies' with the other half.
Parabolic doesn't mean it can't go even higher but looking at the chart over the past year...
The 1st leg was 185.22 low to 286.81 almost 55% higher (Gap from under 230 not filled)
Then down more than 17% to 236.11 off of bond yield panic in Feb
Then the 2nd run was up more than 40% to just under 334.
Then down almost 19% to 271.22
The 3rd run up more than 55% to over 420 the other day. We did have a 25% move to 338.82 making a new high at the time, but it had a less than 15% correction to 292.61 and we had an all time high the other day at 423.21
So my WAG is we should at least hit 360 before the next leg up to GS's 500 or at least 453.55 for another 55% gain from the 292.61 low.
OR.....
Full blown correction...420 is pretty 'high' LOL =P
So none of this matters except for I'd be buying calls if we hit 334.33 before the next ER as that's a 21% correction from the current high and I'll be buying puts if we hit 453.55 before the ER. Probably won't get below 359.73 a 15% correction but being options are risky to lose it all, I'll wait and see the numbers at the ER if we just find a channel and trade sideways. This is more a 'reminder' for me than anything and good luck all...
What's happening?!?
We will find out soon enough but it is interesting that a stock trading under .50 has so many posters on the hub...
I still like the chart. The weekly looking similar to November... a 'dip' midway before a new high...Doesn't mean it will happen but my WAG is it's looking pretty good for another run into the name change.
I was in VRX when they gave Sprout back their drug so I had a feeling we'd get ours back too. They got 1 billion and VRX didn't promote/sell it hard so there was a lawsuit and VRX gave it back with I think a 6% royality and gave them a 25 million loan to get things started. TTNP got 100% rights back and a free 1 million. We need more cash and if it's in any form other than adding shares, then the POP will be big.
'Walls' I see are 1.15, 1.40's 1.75 and 2.50 or at least those are numbers we had difficulty with in the past and that's why I called it a 'wall' it's more like a speed bump. LOL
Have we been over a buck for 10 days yet? Gotta be close and was hoping to double down if they took us back to the .85 day of announcement. If they dilute down here I'm sure to get those back but if they don't I've got 150% more than my normal position. Hopefully we'll get past the 1.15 wall that took us down before. Not unexpected as we hit .60 about 6 weeks ago. Wish Doc had confidence but totally understand why to wait. We usually don't POP on news because nobody knows about us it seems. LOL
This thing is GREAT to have a 'core' and trade around it 'flipping for freebies' I just get too nervous and keep jumping out after I make a good % back because of the past beat downs that didn't make sense at the time. Sometimes 'safe' but always agile. =P
Very healthy IMO. Right below 25 after being 23 just a few days ago. Very healthy indeed.
We've fallen 15% from our 27.79 high. Less than a week ago. Kicking myself for not buying those puts last week. LOL
Just added some calls while we were @ 24. I remember on the last leg we did a two day dip before making a new high. Will 27.79 be the top of this wave or can we make it fly higher with FOMO/MOMO and SHORTS jumping in too soon.
I almost did too. My account dipped under 25K the other week when I pulled a few K to pay off credit cards. Almost got my account locked daytrading so I'm a bit nervous with the shorter term calls, which is what had me drooling. Also kept me from buying puts when we went over 27.50. I still think a run to 32.50 is in the cards but still wondering if an outside source puts out a PR tomorrow like BS lawsuit or GS price target in low 20's...
Hit 24.51 in the first 15...
Short Interest 106.89% highest I've ever seen and impossible...Isn't it?
They will probably raise it into the 20's and then we will trade 15% below whatever they raise it to. Very similar to what happened last time. Patterns and cycles. We hit 27.50 and didn't hold so if we don't hold it after approval/or not get approval, then 22.50 needs to hold.
I think approval and a run to 32.50 before name change and new ticker going down to 25 with no news. Then it will all depend on the next ER.
Elliot Wave Theory is what I'm looking at...
As I mentioned before. I'm thinking 18.50 is safe. Somewhere between that and 22 if 22.50 breaks down...
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=139879789
Or trying to add/cover shares while keeping it below .55
The action/chart has been very interesting here this week.