I like to GNR8NRG
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You explained this to me in BHC before covid. You also had a post talking about politics/media and the need for a correction. This was in 2019 and boy did we get a correction. Looking forward to catching up on your thoughts of the overall market as I read some of your past posts. Thank you
4 years later and I'm still talking to myself. Oh and replying LOL Digging up old info just in case it's needed.
The old 22-26 range...This stock sure does like finding trading ranges. =) I remeber one time it decided to stop hanging out in the range and ran up, up and away. Yet here we are today much lower. I guess buy and hold isn't what it use to be when my Grandpa bought me some at birth in 1971...Well all the government/FED intervention just means you learn the new rules and play within their game. As a Fannie/Freddy/WAMU and Lehman trader/investor/gambler you begin to see things in another way...A game of musical chairs but more than 1 gets pulled when the music stops. Focus on what you want, smile and enjoy the ride as best you can.
Oh all of this is IMO but Interesting action on the FED .5 rate cut and what happened looking back in time...down/up/down and look how high BHC share price was. 18 floor 22-24 trading range and 26.50 the ceiling...Well then tank to low 11with lockdowns and yet it climbed back up into the 30's off the spinoff news and then TANKED all the way to 8 on that not going well then topping off around 11 before the SUPER TANK to 4 thinking we'd lose XIFAXAN to generics but the hoops needed to do that will probably keep our exclusivity also IMO. Only time will tell even if the PPS doesn't at this time.
More past numbers to keep in mind. I think we topped out around 11.15 after we fell from that mess we called an IPO. If BHC shareholders don't get 80% of BLCO I think these numbers from years ago might prove helpful in any future action needed.
Looks like the 26/26.5 was accurate as this puppy likes it's floors and ceilings. Got a LONG WAY to get to the old ranges but anything can happen. Selling Solta if it's doing good now that the world is open (Hello China) would really give us some gas to shoot for the old trading ranges. =P If 88.7% of BLCO are held for another year then maybe we get back to 20's if BLCO PPS gets the old valuation that Crammer pumped before BHC dumped. Hummm. Need to keep a list of his picks and buy them a year or so later. lol
A post of mine from over two years ago talking about a past golden cross getting a 40% POP
After the POP from BLCO's new CEO we went down to around 8.60 the day before ER and hit 10.23 before the first half hour of trading. (Almost 20% gain) Closed Friday (2/24) @ 9.57 The 500 DMA crossed over the 200 DMA but the 200 was desending so not sure if that's a golden cross or not. However BHC hit 7.10 around 2/12 or 2/13 which is almost a 45% gain. This could go either way and try to run 75% around 12.5 which would be more than 200% from it's 52 week low of 4. With Almost 71% held by instituitions according to TDA and less than 7% short interest. The chart also shows a gap between 7.50 and 8 so that could fill too. That BLCO (18.33 currently) distribution makes me think, (9.18 for 50.1% & 14.66 for 80%) and we're trading like 50.1% is possible (BLCO short interest 15.5% and 12.6% inst. owned) and after that we'd fill that gap and maybe make a new low but might hold 4 in anticipation of getting 29.9% more in a much later time as the company uses the other 8.7% of BLCO shares to pay down debt... Will plan to trade accordingly while keeping a core for an unexpected event. Basically 'flip for freebies' Good luck
Broke up above 9 =)
Got down to around 7.10 Monday 2/13/23 so I think 6's are gone for good as we find a higher 'trading range' as the 6/6.5 to 7.50/8 one comes to a close. Could see it going down to 7.5 to close that gap but could also see it run away close to 12.50 so I'll be playing accordingly.
Still trading it but it looks like it broke out a bit so probably won't go down to 6's again but who knows. Whole market could start another leg down this week but maybe the temp bottom is in for the year but I doubt it. BHC is trade worty until it finally breaks free of this trading range with some good news.
I jumped in Monday on the DIP and bought Jan calls 10/12.5/15 made over 100% on the first two and broke even on the 15's
Would have kept the 10's but I have losses in my account overall so taking a 2100 profit after two days was too good to pass up. I thought it'd hit 14 tomorrow but these markets MOVE quickly one way or another and options are tricky sometimes. lol So Merry Christmas
Selling the 7.80's in the AH was great as it opened 7.50 and went below 7. I bought back at 7.20 and just sold most of my calls and shares in the 7.90's range but bought some other ITM calls as I expect it will keep going but I needed to lock in some profits for losses when we dropped below 20's Trade accordingly and had gotten my average to below the bounce when the IPO didn't go as planned but bought WAY too many shares/calls on this roller coaster and needed to derisk overall. 80% cash and willing to buy if we fall back into that old trading range but hopefully we will put those numbers to bed before the end of the year. Trade accordingly.
Up almost 15% in the AH. 6.82 to 7.80's. Got lots of ITM calls so I sold my shares, most 7.84 because of a 'trading range that use to be buy 6.5 sell 7.5 but maybe with the news that 15% will be 25% 8.50's and much higher over the next few days but they also might try to fill any gap but we were under the 50 dma @ 6.95 and 200 dma is 11.83 so maybe a run goes 75% like the old days which would be just under 12 which is around what the BLCO shares are worth @ 14.56 Happy trading and good luck. Might be an EXCELLENT early Santa Claus rally for BHC. Wwweee
I figured 5 bucks is where BHC would trade AFTER the distribution so I've loaded the boat before the judge rules, settlement or distribution. The only thing that has happened in the past year is the HORRIBLE timing of the BLCO IPO at a much lower price but only 10%... Stock was at 30 under a year ago and it was expected to go much higher on IPO but TIMING is everything. I'd say adding under 5 is great timing for buy and hold even if the Recession hits really hard. This is a Depression price IMO. Depression for those already holding before last weeks fall. Yes I was one of them. lol
Bought some 7's for this week (.36) and saw we popped in the AH to 8.40's. Can't exercise in the AH and wanted to lock in that almost 300% gain by shorting the shares directly in the AH and covering with my 7 calls but I've got no clue if that's how it works. lol Ever do anything like that?
Smart and sounds like a good plan.
I've only bought calls and sometimes puts. Haven't sold calls or puts as I feel too new to options and don't want to mess up. I think I accidently sold something once and I noticed it immediately and I made sure I bought it right back.
I assume a 'covered call' is selling the call of the shares you own. Example Buy 1,000 shares of TEVA @ 8 you sell the weekly call of 8 (10 contracts) so if the stock goes down you make money on the option and if it goes up against you the shares balance a gain to what you could lose on selling the option.
Under 8 bucks again...
Have to go up 50% to reach where we were a month ago. Should have just cancelled the IPO
Well now we will see what B&L can do away from BHC/VRX
Hit a low of 18.20 with IPO not being as big (10%) and the range (21-24) being too low for big debt payoff. Oh well...At least we will get to look at B&L as a separate company.
Looks like 18 may happen if no IPO soon and 14 had a lot of action looking at your chart if it is officially postponed. Timing is EVERYTHING and IPO window isn't looking good with overall market and current PPS of BHC.
Change ticker to FUBR
Looks like when 10 broke they took her out to the woodshed and...YIKES!!!
Good call right back to new lows and overall market plunging and pink sheets won't be doing Didi any favors.
Down to low 46... FDA delay and overall market may take it even lower...Was 4 bucks I think before covid so...YIKES!!!
I've got no idea what may or may not happen. I know I got mailed a DIMEQ check and I didn't open it for months because I thought it was junk mail. lol
Honestly the PPS on JPS is the lowest it's been since 2012 after SCOTUS this past Summer. It has a history of climbing back up and were in a better position (retaining earnings)than I think we were long ago.For the past 5 years we traded around .20 on the dollar and higher but are .07 currently...So it will go up and down as it climbs back up and POPS if we get any good news. Might be a long slow slog back up and in a decade be released...Or something happens and we jump so fast that the boat is gone already. Could also get wiped out but I think not.
One year later....
Well that would be a 100% gain from here.
Wow people here again?!? OK not really with 10 total posts in 2021 but....I expect a global settlement in 2022 will liven this place up.
With the beating the market took after FED I'm shocked we didn't break back down to 8. Was hoping we could BUST through that 8.5 and stay above but...at least it got above 8.60 for a little bit today. Looks like a range and had we won in court the ceiling would be 10.20's instead of 8.60....Settlement if favorable which I expect, should create a lot of POPS and DROPS but doubt we go back under 10 whenever that happens. Could see us touch 5's if overall market forces some others to have to sell to cover other stuff but should recover. I don't think were going to BK but I wouldn't doubt some 'rumors' spread to force a fire sale for a few days before an actual settlement.
I'm not a chartist but looking at how hard they all fell after Summer of SCOTUS it looks like it's slowly creeping back up them stairs with POPS on occasion. So even with market bloodbaths possible. These could be a nice steady climb until 'news' good or bad.
Always good to hit the gym. I remember when listening to court when Rosen said shareholders would be wiped out and I had watched my account go from up 40K that day to -110K in no time flat. Tried selling as it fell which didn't work so tried buying on the bounce which also didn't work. So....Closed my laptop and went to my dental appointment early. lol Made money and moved from commons to P's after that. The gym is a great distraction from acting on one's excitement/fear
When 'Wild Bill' exited VRX now BHC it hit it's low of 11's and then went up and was over 30 not long ago. Shorts cover when the big dogs leave because it's usually a rival using minions to short to hurt the rival.
Honestly over the last 18 months...I'm not so sure either.
Bought 1st taste today and around .50 I'd double down and .30 I'd hand over fist this and pass my JPS amount. Would maybe sell 1/4 of my JPS (depending where it's at) to add more common AT THAT TIME. Now I'm good waiting and waiting and waiting. lol
What the hell happened to Horton Plaza?!? Been a few years but the Gaslamp was the best when I lived there in early 2000. Mira Mesa. North Park and a gf parent in Chula Vista. Loved my TJ adventures when single. Green Fairy Hemmingway style to help my writing. lol
LOVED living there so much I'd vacation there when living in Hollywierd. Even my friends in Nor Cal would meet me in SD instead of LA because LA SUCKS!!! Well the traffic SUCKS!!! lol
Well I don't have that equity but no wife or kids also has me at this CASINO... Make it rain Vegas style. lol
Already loaded 300% more JPS since SCOTUS and just added common for 'shhhh it's and giggles' will add more as it goes down or hold the current position to see WTF but my JPS are solid and will 'flip for freebies' hopefully in 2022
JPS before SCOTUS and then tripled my position as it fell. Just took 1st common position 1/4 of my JPS size as I think I'll get a better buy on common later but also understand it call all go 'poof' Usually commons run harder than JPS but I think JPS will be over 3 before common over a buck again. Time will tell
I look at where the highs and lows are. So if FNMA was 3 and change while a JPS was 9 and change....With FNMA at 1 currently, I see JPS under 3 as a bargain. Doesn't mean anything good but either JPS was hammered to hard or commons weren't hammered enough.
Doesn't matter, it's a market and will do what it does.
Now 1.36 YIKES
I have preferred but I expect the initial POP on commons to be a higher % than POP on preferred. I think that is temporary but 'traders' will play and they can add more commons before runs/drops than the preferreds. Those will move on little volume.