Bausch Health Companies Inc (BHC)

[Zilla]

WOW I got LUCKY that I trimmed the other day because today BHC had a BEAR RAID!!!
Opened and was as high as 7.58 then CRASHES all the way to 3.96 before recovering above 6 and closing at 5.81 on 63 MILLION shares total traded today!!!
200 DMA 7.80
50 DMA 6.79
20 DMA 7.15
All this action off a 'rumor' of prepackaged BK that the company took a few hours to say is not true.
Well I hope the company threw all the cash on hand at it's debt today because they probably got it well below 50% discount. I added and added more once I heard the company reply because under 6 with all the stuff that's gone our way tells me we will probably break 8 soon. Might run to 10 as it does a couple times a year. It was just under two years ago when BHC got taken out down to 4 and was over 8 a few weeks later. Earnings are coming up and if we were at 9 before it I probably would have sold most but under 6 we can miss and still go up.