Bausch Health Companies Inc (BHC)

[Zilla]

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