I like to GNR8NRG
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Looks like I made a mistake yesterday as BHC closed today @7.11 up .02 so I missed that 7.09 close yesterday and thought it was 7.11
Range was 6.95-7.14 so each day creeping just a tad higher and that's all good.
200DMA 7.87
50DMA 7.02
20DMA 6.74
So the top two DMA's are still heading down but the 20DMA is heading up so hopefully if there's any dip in the coming few days/weeks it will be a good support. Tomorrow the market closes early and is closed on the 4th so Friday will be interesting if any major events happen before next week. I traded accordingly but still got some extras if this thing takes off. WWWwwweeeEeeEEEeee
Another good day in BHC with a 7.11 close.
Range was 6.93-7.12 On 2.5 million traded...
200DMA 7.88
50DMA 7.05
20DMA 6.71
So I traded accordingly with about 40% of the calls I had. Got out of all the calls I had before the next ER and might add some back if we pull back under 7 this short trading week...
I just think it will break below the 50DMA at some point in the next two weeks especially if it gets stuck between 7.20-7.60 Nothing wrong with taking some profits and I've still got my core and extras for next year just in case we keep going.
Got to love 'checking out' and not having a cell for a day. The 'view' was also excellent.
So to end this week BHC closed @ 6.97 on 3.25 million traded.
Range was 6.86 - 7.00
200DMA 7.89
50DMA 7.08
20DMA 6.67
Probably get resistance at the 50DMA but if a dip happens the 20DMA might be the support. Staying above 8 will be hard with the 200DMA below that. Will need news to make a sustained rally. BLCO showed some weakness going from 14.91 down to 14.41 but if BHC is getting 80% of the shares then BHC is still extremely undervalued.
Was driving to the hot springs yesterday so only got a screen shot of the day's trading.
BHC 6.89 close with 2.12 million traded.
Range was 6.68-6.91 so a little lower and higher from the day before.
Today BHC closed at 6.79 on 2.9 million shares
Today's range 6.70-6.88
200DMA 7.90
50DMA 7.15
20DMA 6.61
Was right about it being red today but the range was higher which might be setting up a test to the 50 and maybe 200DMA's in the near future.
Today BHC closed at 6.80 on 2.6 million shares traded.
Today's range was 6.60-6.83
200DMA 7.91
50DMA 7.19
20DMA 6.59
It tried to end the day green but just couldn't do it and closed in the red. Was a really good bounce off the low just above the 20DMA. Probably a red day tomorrow but will be interesting to see how it all plays out overall...
I forgot to post yesterday. lol
BHC 6.83 close and I think 6.72-6.92 range with less than 2 million volume.
200DMA 7.92
50DMA 7.23
20 DMA 6.57
Was a slightly up day and not a red candle on chart so holding up better than I thought.
Up 1% to 6.80 with today's range 6.66 to 6.83 in the final seconds with 3.9 million in volume.
200DMA 7.93
50DMA 7.27
20DMA 6.53
I thought we'd hit that 20DMA today but after 5 up days and it barely going higher by a penny in the final seconds I'm not sure we don't have a day or two pull back. Not that far, probably 6.45-6.55. Just a little coil before taking out the 50DMA next week. We shall see...
Here we go...
BHC up 4% to close at 6.73 with today's range 6.36 - 6.82 with 3.5 million volume
200DMA 7.93
50DMA 7.31
20DMA 6.51
So the 20DMA is now heading up and tomorrow I think we get close to the 50DMA for a 5th up day...Then maybe a pull back over a couple days holding 6.45 then off to the 200DMA setting up a Golden Cross in a few weeks.months hopefully right around earnings.
So far so good and still looks oversold but things are pointing up now.
BHC 6.47 today's range 6.38 - 6.54 was up early and went down med day and then back up with a sell off the last few seconds.
200DMA 7.94
50DMA 7.36
20DMA is 6.48 just above the 6.47 close...
Going to be interesting the last two trading days of the week with Wednesday (19th) being a holiday and a possible mandate of the court issue on the 20th. Any POP will probably be short lived until those DMA's turn the other way but a POP over 12 would get them moving in the right direction rather quickly.
BHC 6.43 todays range 6.20-6.44 started up then went down and came back up to end the day...
200DMA 7.95
50DMA 7.43
BLCO 14.94
Still looks oversold and it could have a huge POP at anytime with good news. Up 25% in a day, no problem but would have a hard time holding that gain with the DMA's all being lower than 8 but it would set up a Golden Cross at a later date. Any news on voting for BLCO distribution and this is a double from here...However the recent death cross could send BHC into the 5's on anything remotely negative. Time will tell.
Death Cross...
BHC 6.20
200DMA 8.02
50DMA 7.99
So we will see what happens the next few days. Looks way way oversold but who knows...If they sell Solta it could easily double and hopefully they'd used the revolver to buy as much debt before that announcement.
BHC 6.56 and traded from 6.27-6.57 so a nice bounce off the recent bottom.
200DMA 8.06
50DMA 8.26
BLCO 15.34
Today 6.08 was hit
So a new low and how low can you go...How low can it go...I keep expecting a quick bear raid down to 5 but it hasn't happened yet. At least then it would feel like a bottom instead of this slow death downward dip...
200DMA 8.07
50DMA 8.32
Looks like the 50 will cross the 200 (Death Cross) but that would set up a Golden Cross at a later date once it goes back up. Just might be some pain before that and hopefully BHC will FINALLY stay out of the single digits unless BLCO shares are given. Who care with BLCO @ 15.50 80% of BLCO would be worth 12 per BHC if I recall so that's almost a double from here. Market pricing in bad things but ER stated still on track. Just need to put all the court stuff in the rear view...Might take another year as it's been 2 since BLCO spin. YIKES!!!
BHC @ 6.36 with a new 52 week low of 6.26 made this week...
200DMA 8.11
50DMA 8.51
MACD -6.09
RSI -40.94
Chart is extremely oversold but that doesn't mean it can't go lower and it seems like it will...
BLCO @ 15.02
200DMA 16.03
50DMA 15.27
I still want to sell Solta and buy back BLCO if we can't distribute the shares... This has been a MESS and GE/GEHC is how it should have looked but all the court cases crashed the ships together after 2 years of being 'stuck' we're looking like sinking ships...
BHC 6.60
200DMA 8.16
50DMA 8.73
BLCO 14.53
200DMA 16.11
50DMA 15.38
Blub...Blub...Blub....Down the drain she goes. lol
6 months later and we're right back where we started. Court did go out way but seems court cases is all this company can do...What a mess...
We did get that golden cross and the stock went over 11 in the past 6 months and I traded accordingly but YIKES!!
Yesterday I bought 100 next weeks 3.50's calls @ .16 and sold them today for .58
It's probably going to run but 4K for a day of play is too good to let go away.
Enjoy the run and have some fun.
Just looked and now the ask is .78 so left 2K on the table by not waiting. lol All good. =)
Well we're right back where we started. lol
BHC 6.88
BLCO 15.40
One week later and we're back in the old trading pattern...
BHC 6.95
BLCO 15.29
So we've reversed UNO'd back to the old way again. lol
200DMA 8.24
50DMA 9.08
BHC chart looks severely undersold but that doesn't mean it can't go lower. Was playing IRBT recently and 'how low can you go' was no joke with that one. Well at least this crash allowed me to get back in as I'd thought it was GONE after court went out way but now it's a long term hold IMO but getting extra's a 'flipping for freebies' is always a good thing.
IEP hit 17.84 to 17.32 with 17.40 at closing...
200DMA 18.07
50DMA 17.54
That .99 gap has closed to .53 but a POP is needed to get the 50DMA heading up in the right direction for a Golden Cross. Announcing a buck dividend would do the trick and if ER is good then 22-26 is possible IMO. Won't hold after ex-divi date but should make a higher 'trading range' than the 17-17.50 we were just in...We shall see...
Good ER but stock dived down, bounced up and down again...Hit 13.64 and closed 13.74
So that golden cross might be off the table unless it pops tomorrow if BHC doesn't distribute in 2024...
Tomorrow morning is earnings...
BHC closed 8.75 even though AH shows 9.48...
200DMA @ 8.31
50DMA @ 9.28
Looking to see debt paid off and news on BLCO spin which had a good ER but still went down and closed @13.74 probably expecting the distribution. We shall see tomorrow.
So what's happened since?!?
BHC is currently 8.71 but it did hit 11.46 just before winning in court over Norwich...
200DMA 8.30
50DMA 9.26
BLCO 14.79 but had gone up over 17.50 after ER...
So it was a good run but that doesn't mean it can't start another run...12.50 maybe 15?!? With Norwich in the rear view there's no reason for the trading ranges to not go to another level up...10's were the ceiling so if it does maybe 10 becomes the new floor...
Back in the day 22.50 was the floor...One day maybe it will be again...
Almost another year later and 88.7% of BLCO is still with BHC almost 2 years after the IPO just before the ER...
Currently BLCO is 14.79 with less than 5% short interest...10.5% Inst owned...
BHC is @ 8.71 72% inst/owned about 12% short interest...
Norwich lost in court recently and BHC had hit 11.46 a little before the verdict on a quick POP and it's been dropping ever since. Didn't break below the 200DMA of 8.30 but tested the 8.50's often...
BLCO @ 14.79 with ER next week...
200DMA 16.53
50DMA 15.89
Golden Cross may be heading our way...If the ER sends us up and BHC doesn't announce a distribution...
BHC currently 8.84
200DMA 8.29
50DMA 9.22
BHC got Norwich to not be able to make their generic in court but PPS not reacting yet...
BLCO reacted going down to 14 so maybe shares will be coming to BHC shareholders soon.
BHC 8.92 close
200DMA 8.26
50DMA 9.13
With not hearing anything about court this is headed to the 200DMA or previous lower trading ranges...UGH!!!
BLCO 15.64 which is below the 15.78 (50DMA)
200DMA 16.84
Tomorrow it could bounce but who knows need BHC to win in court vs Norwich!
BHC went down to 9.06 but 9.24 close
BLCO went below 16 but 16.12 close
BHC 200DMA 8.25
50DMA 9.12
Wow what a ride and now suing Amneal while waiting for Norwich verdict. They just don't want to let BHC shareholders get BLCO shares. Well I added back my BLCO today because if they want to bring it back into the fold it will need a slight premium so we shall see what happens.
Still in that 17 trading range...
200DMA 18.86
50DMA 17.87
So still got time but should run if divi is maintained...
BHC currently 10.02 waiting for news on Norwich court. Yesterday 4/3 we POPPED up to about 11.40 on good volume then came back down...I thought it was verdict on Norwich but still waiting but any day now...
200DMA 8.22
50DMA 9.02
BLCO 16.17 right between it's DMA's
Since ex-divi stock broke below 17 two trading days and is around 17.50 currently.
200DMA @ 19.23
50DMA @ 17.79
It's going to take time but one day we will see a golden cross here in IEP. Before then it will probably find a trading range be it higher or lower than last time I have no clue but I'm back in either way we go. Will add if needed on drops. Big POPS I'll probably sell so slow and low is a good tempo.
BHC @ 9.89
BLCO @ 16.47
BHC @ 9.89
BLCO @ 16.47
BHC @ 9.89
BLCO @ 16.47
Overall market making or near all time highs with NVDA ER...Been a good year trading in 2024 already...Seems like irrational exuberance, lots of M&A and I know a few people (retail) with FOMO who jumped in...So time to take a break before it breaks. Still holding some stuff but not like I was at the start of this week.
Both BHC 9.23 day of ER and BLCO 17.04 day after ER performed well...Traded accordingly
Good ER and more than a buck higher open it looks like. I sold too soon as always and also I sold a 100 calls so that's about 20,000 I would have gotten more had I held 1 day longer. Still got my 'core' of calls that are good til there end of the year but these results are really good. Stock should be fine moving forward until BHC shareholders get the BLCO shares and then it will probably sell off but recover and make new highs at some point. =)
Sold all 10,000 BLCO above 14.50 just a few cents higher than my cost after flipping so many times. Have good chunk of calls both ITM and not. Just felt I had WAY too much in one stock with all these M&A deals it seems like a 'top' is incoming. So as of now I'm about 20% in calls and 80% in cash... Was 15% cash and 85% invested this morning. Good luck tomorrow and the chart looks really good to run to 17's in the coming weeks as long as tomorrow doesn't surprise to the downside.
Hit 21.06 and the 200DMA is 21.05....Next week could be a hell of a ride...Watching and waiting.