I like to GNR8NRG
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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...
Excellent move. Already 17.90 and looking like 19 coming soon. Never know but looking good.
Closed above the 50DMA and is 16.95. 3 up days after months of beat downs but I'm good.
50DMA is 7.13 and 200DMA is 7.76 stock at 7.40 currently.
15 is the 52 week low and it's up to 16.45 so far today. 16.84 is the 50DMA so I'd expect a pullback from there but who knows. Bad news would send it right back down and good news up much higher. 1 divi cut from 2 is why were so low but it could easily go back up into mid/high 20's to make that dollar divi only 15% The 24% couldn't last forever and either the PPS climbs to fix that or another cut to fix that and I'd say 10 would be the new low on a divi cut.
50DMA is 7.16 and it hit 7.22 so far. Trade accordingly and keep dry powder just in case of collapse.
Hit the 200DMA at 7.80 and then retreated but was just above 7 before the FED signaled 3 rate cuts in 2024. Trade accordingly and one day it will be higher and one day we should get another Golden Cross. Until then I hold a core and flip for freebies on the POPS and drops.
Well I thought it would be the two used car salesmen Newsom and DeSantis and them debating makes me think, they think so too. lol
Yet is still filled and THAT is when I bought. Look at my BHC posts as far as 'charts.' lol I only read a couple sentences on any T&A stuff as the 'details' aren't usually needed. Fib retracements I'm aware of but homey don't play like that. lol
I don't use TA I can see it with eyes. lol Nothing is 100% and any investment is complete BS and has nothing backing it except 'faith' just like the fiat currency we all use daily. Yet we still do and currently it works until it doesn't and all things come to an end at some point do they not?
Yes some stocks might never fill a 'gap' but more do than don't. There are exceptions to every rule and things do follow patterns and cycles even if you don't believe in them they still happen. We are a drop in an ocean but even the tides follow patterns. I honestly thought it would take two weeks to fill that imaginary gap and yet it didn't. Don't know, don't care but that's my .02 =P
Had to fill the gap on the 1 divi announcement POP. Now it's filled so we will see what happens.
Under 17.50 today with my funny math. lol
YIKES!!!
Looks like 6.50 coming. Who knows with overall market we could make a new low. Think 5.5 is the 52 week low but what about the seconds it traded all the way down to 4. YIKES!!! Chart doesn't look good. Thought an Inverse Head and Shoulders was going to form at 7.1 but it broke through and in 6.80's now. Earnings was GREAT but the stock PPS is struggling because of lawsuits. I just want my BLCO shares but who knows if that ever happens.
Currently BLCO 16
BHC 6.80
BHC 50 DMA 7.77
200 DMA 7.94
If we POP well above 8 that would set up a nice Golden Cross to end the year/start the new year but it might be a few months before any positive news. Oh well, we shall see...
Sold those yesterday for 7.40 before it popped to almost 8 with 6 million shares traded.
Had to add to flip for freebies with this hitting 7.10
Could go lower but in the middle of an old trading range is too tempting.
Commons are the trading vehicle. They are so cheap that a trader can buy thousands and flip for freebies because it's where all the action is. I'm in preferreds but will trade in the commons from time to time.
BHC 8.29 to 8.54 range and closed @ 8.42
BLCO 18.86 close with high of 19.03 and low 18.40
50 DMA 8.33
200 DMA 7.73
BHC opened lower and went down to 8.26 before climbing back up throughout the day to a high of 8.52
BLCO @ 18.80
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