I like to GNR8NRG
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I gave my gf my Vegas money to hold so I didn't add some BHC instead. LOL OUCH!!!
Yeah I'm still in but won't bring in anymore new funds after the past few months. I expect rate rise and two in 2019 but...I'm just not liking the 'action' as far as rallies holding. 'Buy the rumor, sell the news' might now be 'sell the rumor and sell harder the news.' LOL Just trying to mentally prepare myself for much more pain. Too many expected Santa Claus rally and a lot of negativity in the market chatter would make one think we'd rally but...I'll be going on vacation and VRX/BHC usually rallies when I do so get ready for Christmas -Jan 4th rally. LOL =P
J&J and overall market correction. Hard to stay above 25 if market goes down. Will have to wait til ER but if full blown correction it could be a POP and Drop. I'm not putting any new money to work til 30-50% correction in the overall markets. This looks like a 'BEAR' not a correction, it's just holding on by a hair. Good news gets sold off so that's not good.
Chart was looking GREAT before the past 2 day overall market beatdown. Were above all the averages and today broke all but the 200DMA. sigh...
Opened above the 50 DMA but currently below it.
Might close down today/tomorrow to test 100DMA.
Lots of good news with BHC let alone FED, China etc...
I miss the chart here.
https://stockcharts.com/h-sc/ui?s=BHC
Broke above the 100DMA of 23.72 if it holds looking good to test 50DMA currently 24.89
1000 shares of GBTC is same as one bitcoin I read here.
The premium you speak of makes sense as were 4.80's when BTC was 4200-4300
The 52 week high is 38.71 but BTC was 20K so almost a 100% premium at the peak. WOW. Just bought my first taste and plan on buying lower if it keeps falling. Still learning about other cryptos and wallets etc but at least I can play here where it's more familiar.
There was also a spike AH to 30 on BHGE. It didn't stick but for about 30 seconds I was trying to find out if GE sold it to someone. LOL
If sold we'd hit 12 with no problem. Question is would it hold or even go higher. Lots of Jan 15 calls that I use to trade but don't want once we broke 10.
WOW what a head fake after ER. Took it from 5.60's close down to 4.7's and right back up and currently 5.7's LOL YIKES!!!
This could go a lot of directions. Having hard time staying above 27.50 and could always test 50 DMA or lower if FED chatter stirs things up.
Up to 26.18 in the early morning currently 25.50 or so with an MS 'Over weight' from Equal. Thank you MS for 5% move before ER
Nice bounce off the 50 DMA. Chart is looking good before ER. =)
Still got to get through Monday and who knows what tweets POTUS may send or what China maight do over this weekend.
Got close to the 50 DMA @ 23.77 & 100DMA 23.67
So far today 23.86 to 24.52 will see where we go before ER.
75 million already done the same day...
https://seekingalpha.com/news/3397122-progenics-pharma-inks-75m-stock-sales-agreement-cantor-fitzgerald
Need to add a 250 million shelf offering and 75 million with sale of around 13.6 million shares.
Every time I think they have enough cash they dillute some more. UGH!!!
I jump in and out depending on how the move 'feels' and if there is news. Been in and out since 2009
Management has been able to show the ability to 'keep the lights on' and that's why I have to feel confident to hold. Bought and sold so many times and even jumped on the recent pop/drop but luckily I thought it was a pump and dump and being there is no news and PPS didn't hold I was right not to trust. So I got out fractions of cents higher than bought. I so want to believe but I'd almost rather wait for RS/ 50% fall or pay higher PPS once they prove' a market share can be theirs...
You're still waiting on GS's 16 rating but...You'll be disappointed yet again.
Could hit your 22 with 200 DMA @ 20.93, just need non approval and 15% overall market correction before ER.
My Jan 15 calls I bought @ .06 sold in morning for .19
Wanted to hold but stock jumped unexpectantly overnight to where it was 2 months ago.
Canada NAFTA I'd think. Pre run for Fridays approval. Charts show the stock makes a new hign in a 2.5 month cycle. Meaning we might pull back but 30's shoud hit before EOY. All the past news being we should have been here two weeks ago on settlement news. Pick one. LOL =P
Closed 25.67 on Friday and Monday we POP 27.30's so far with 2 hours of trading and 4.5 million shares trading so far...BOOYAHHHH
Call it day 2 hopefully of a 3-5 day run.
At .2071 as of Friday's close I figure the 21,2 mil currently and added 38 million if I read the PR correctly. (could be higher) then market cap is over 12 million. I think it's because warrants exercise .25 so hard to break and hold. RS will probably be announced and will be greater than 1 for 10 probably 1 for 25 to take us above 5 but that won't hold as few RS's do and we could easily get this down 50% from here. We need management to prove themselves with sales, deals and something other than them keeping the lights on to save their jobs. That's how it's looking and buyout talk isn't a reality as 100 mil now gets you 1.69 but before dillution around 4.71. Selling the company once we had the rights back would look better than dilluting and selling. Optics tells me this is an extremely long play and with many expecting a market correction, Titan isn't sounding like a good place to weather that storm if it comes soon. Pot will also probably hurt a lot of biotechs bottom line, so there might not be enough time, but hopefuuly I'm wrong.
I think the problem is they will RS and dillute again before that market cap is reached. There wasn't a lot of buying interest as Friday's early dip was off of little volume. I was able to trigger that dip with just trying to sell 4500 share at the ASK. Only 138 or so sold and the next thing I know we made new lows. Looks like MM's are only interested is selling shares not buying them. I love BID/ASK slapping to see the conviction of the orders and that was WEAK...
25.80's today, need to stay above 25.5 would look good for 28 on approval. 22.50 if rejected. Place your bets. LOL
Yeah I wrote A LOT more and agree 100% They should have sold the company once getting the drug back.
At least they sure know how to keep the lights on...UGH!!!
With PPS @ .22 it's the same as back in 2009 .04 when I loaded up. Of course that's before the 1 for 5.5 RS. Expecting another RS if it doesn't take off and lots of shares/warrants @ .25 break even means you need a 300% gainer to just stay listed. Miricles happen but as I said, it's not pretty.
Then ran right back up over 25.
Freaking YOYO. Lots of good news to take us up to 32-35 range but if we pull back hopefully 22.50 can hold this time. That's just a 10% pull back and I think we have approval on Oct 5th for Jemdel. If we run into that I could see a sell off after the POP. Who really knows but at 25 we seem undervalued.
This is just not pretty.
I wrote a lot more but nobody needs to hear that now. Good luck all.
Great news with debt reduction and Xifaxan IP resolution with stock POPing over 15% to over 24 last week. Now no news and dropping back down, currently 22.35
Yep still feels like VRX. Great to trade but hard to hold. LOL
Nothing like an intra day 6+% beat down. LOL 21.81 close with a low of 21.33 on almost 10 million in volume. Starting to feel like the good ol days. (VRX)
We got approval, got an upgrade and hit 23.55 at the open but fell down to 22.76 before closing @ 22.93
Below 50 DMA @ 22.98 so it looks like a 'sell the news' trade being we were up almost 15% from the low last week of 20.56
Stock seems extremely undervalued but it almost always does the past few quarters. Company looks like it's turned the corner but PPS is not reflecting that.
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...