Bausch Health Companies Inc (BHC)

[JLS]

Didn't watch BHC all day.

I've been all-cash since ending my last trade, which as I recall was BHC.

And I only looked longingly today at TEVA all day since my mind is made up that's my next trade -- and my normal approach is all-in using two accounts. Did I ever write "I don't believe in diversification"?

I don't believe in diversification -- it's a good way to average-down results.

So ... I just looked at BHC. That it went higher today boggles my mind. Further boggled by the volume. Sheesh, now I have to go read the news.

After reading the news, I'm still not impressed. It appears it had something to do with raising guidance for next quarter. So I got those numbers and did a little calculation and found out the raise was only 0.6%. And I saw the phrase, "for the year". ooooooooo~still not impressed.

But, when I first looked at BHC's trading history several days ago I was surprised that it's been trading horizontally for such a long time. Maybe that looks attractive to those who have stayed away from it for so long, and maybe that's enough to get it out of its rut. And maybe that's why there is more interest in it now -- sooner or later the market has to quit spanking it for it's previous sins.

I was more impressed today by TEVA's move. Yes, it went down further but it stayed above a horizontal support line I drew some time ago at $14.55, and it looks like it wants to climb that fork I drew a couple days ago, so I was having some trouble today staying away from it. But, the truth is I would like to see the whole market go down for awhile -- take a big dump -- and it might just do that. The whole market would trade better afterward -- gotta clean out the trash; its time for a little spring cleaning.

So I guess I should go and see if there is any other news about BHC.