Replies to post #4965 on Bausch Health Companies Inc (BHC)

[Zilla]

It's holding up well with BLCO going down. BLCO @ 15.11 and chart not looking good but BHC @ 8.41 so I lightened my load but still hold a smaller core. Chart looks like a Golden Cross is setting uo with
200DMA @ 7.78
50DMA @ 7.35 and climbing.
It's the BLCO PPS that makes me think a dip will happen before that Golden Cross because of what I've seen with the two stocks and the patterns that had followed until now... Unless the market is FINALLY pricing at least a 50.1% distribution of BLCO shares to BHC shareholders. Then BHC will go a LOT higher and BLCO may keep selling off expecting people to sell their shares ASAP. I own both just in case BHC doesn't give BHC shareholders the crown jewel. We could be in for a bumpy ride with the overall market as it realizes 'we don't need no stinking rate cuts' but maybe another increase. 8-0