I like to GNR8NRG
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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....
I think with will but with a 'Q' at the end...
WaMu still traded (pennies) and later became COOP after BK
Lehman still traded for a long time
Fannie and Freddy still trade today. .20-.30 cents before going up towards 5 bucks and back down to .45 today.
Had a non finance stock that left 'warrants' to buy stock in the new company. Tronox which had shares under .10 end up being worth 2 bucks when the company came back.
So it will be interesting to see what happens and if the ticker trades and with a 'Q' at the end.
Some of the examples I mentioned worked out but most don't...We will see what happens over time here.
Chomp, chomp, nom nom nom...Yummy lol
So a Wamu moment not a Bear Sterns moment...Got it.
Crammer saying JPM wouldn't touch this thing makes think they are buying the whole thing for 150 lol
Cycles...History...Hummm Crammer did say too early and read the room so...Maybe a 'they know nothing moment' after his fishing trip...Hummm Pieces in place first
Bear Sterns down to around 2 bucks sold to JPM @ 10
Lehman (the sacrifice) to get the crash really falling hard and gift other banks like...
Merrill Lynch shotgun wedding to BofA could have got Lehman way cheaper...
WAMU the bank assets (no trash all good) for 2 billion to once again...JPM who actually made an offer for 8 bucks a share earlier when the stock was trading higher which erodes confidence
AIG about to go under...Wait that would END Goldman for good so government steps up.
Oh forgot to mention Fannie and Freddy...
Just before all that happened oil hit 150 a barrel...Hummm oil and inflation heading back up...
The game is rigged but it you understand the players and the rules and which ones will break the rules then you can make money playing accordingly. Pay attention, remember HISTORY and KNOW nothing happens on 'the board' until the pieces are 'set'... The BIG Short is interesting to watch with the board game and pieces in mind...Good luck and happy trading
Like a Bear Sterns moment in time...
That SUCKS...I got lucky 500 shares a hair under 35 and sold 37. Saw it do that a few times and when it hit 39 I was going to buy 1000 if it hit 35 again. Then I saw the halt and thought it's open 60-80 and I missed out.
I thought SIVD is a holding company and SVB is an asset (now liability) in that holding company. Will look deeper this weekend. I had WAMU and that was quite the mess as the 'bank' asset was sold to JPM and the holding company went into BK. Bear Sterns, Lehman, WaMu, Fanny and Freddy all come to mind and all had different outcomes for SHAREHOLDERS both in the immediate (tradeable cheap shares that I averaged down and actually made money from Lehman and WaMu after BK buying pennies and selling higher once I saw a pattern/trading range)
This has a 52 week high of almost 600 and a low of 100 but over 11 million shares traded under 60 and most under 40 in the pre-market. Friday's put expirations are screwed because the stock didn't trade but if it doesn't trade Monday then maybe there's more news to come. I thought I saw a few hundred thousand shares trade after the halt and that was 40-60's range. So who knows what happens, but once/if it opens it's going to be an interesting ride as shorts cover and short again, traders trade, some go long and time will tell. Many eyes were on this after a 60% drop and when I saw it fell more than another 60% I saw an opportunity. Now millions more will probably be watching this stock to see if it trades. If I jump back in it will be with the intention to 'flip for freebies' or just catch the momo. If my 17500 got cut in half I'd probably become obsessed (like I am with BHC) and try to juggle the falling knives. Good luck in whatever you do and I hope you're able to use this experience to your advantage. My losses made me better and gave me the teeth and claws and a never give up (kept investing and got lucky in other stocks) that helped me dig out from 2008. This is feeling like early stages of that time unfortunately. (Bear Sterns) The BIG players don't react right away. (Big Short is a great watch/reminder right now) (even covid was spreading and the market didn't react til LOCKDOWNS but we all thought the market would fall and then it was a cinder block thrown into the deep end. Crammer made a comment about too soon and read the room. So I think we get one more inflation push where oil hit's 150+ a barrel and that is our 'lockdown' moment. Musical chairs with 100 people getting up but instead of 1 chair being removed it will be 95 removed. Not doom and gloom but a flush to pop/reset from the bubble created since the Great Recession. Whoops I went on a rant there, lol Smile, be happy but that is easier to do when profiting and not having uncertanity.
PS Just wanted to share my past experiences and let you know you're not alone.
Going to be a very interesting week...Is this a Bear Sterns moment or a Lehman/WaMu moment...Maybe a Fanny/Freedie lol
I could see this as some powerful people wanting to halt the FED and this was their sacrifice. I live in the North Bay and I don't think people realize how bad this could go. Jobs fire people because they have no access to those funds during an unwind, which makes me think of a BAC/Merrill moment like a shotgun wedding. Amazon/Google our next savings and loan institutions maybe Facebook oh I mean Meta?!? There's got to be some obstacles/red tape keeping them from buying but...600 52 week high stock I traded 35-37 Friday before the halt and I did witness a few hundred thousand shares trade in the 50's-60's range later and thought it had reopened. Really interesting to see how this current government handles this. I just think of Pete B. as Transportation Sec. and fear what new name I'll never forget that comes out to deal/handle this. Now is the time for leadership so lets see who steps up without playing politics. OK they can play politics but STEP UP and lead first. I'd bet it's Silicon Valley that steps up before any government official. The past 3 years tells me it's time to remove government and have state rule. BOTH PARTIES SUCK! lol
BHC hit 7.87 Friday so looks like the gap filling will happen next week if no news. Traded some SIVB 35 buy/37 sell (500 shares) before it got halted in the pre-market and it had a under 35 above 37 pattern for a few times before they halted it. Going to be an interest week next week with the 16th largest bank currently and I read 2nd biggest to be seized (WaMu/Lehman?)
I see it possibily creating that 25% or more crash or we go up thinking the FED goes quarter point. Though BHC broke out of it's old trading range 6-7.50 it could easily not find it's new trading range with an overall market correction. Trade accordingly
Thank you...It IS a great plan...Looking forward to trying this elsewhere. =)