BGS trade ideas
BGS WedgieBGS has a nice wedgie going, not sure if it breaks out, but I expect it to hit the trendline, maybe bust out next earnings.
Revenue and profits declined from last year, but they reaffirmed guidance and pay crap loads of dividends.
Sometime it helps to watch AH action, it went red and bounced back last night, loaded the boat while it was still in the red this morning. Shorts are gonna cover on this reversal.
Short BGS with big short ratioBefore trade
Write sometning about your psyhology thinking before trade? good psyhology I think I am on the right path again and I hope this is not my ego talking
Describe the trade. What you see? only concern is hevely shorted stock, hope with a good reson. it is a play between support and resistance
Write why you want to enter the trade in this point? resistance
Big pictrue of fundamental analysis and technical analysis. last cycle is in synch
After trade
What have I done well for this trade? enter trade was excelent
What can I take away to help with later trades? that you could be aware that you were enter the trade because of the short squeeze. When you are doing a trailin stop leve a littel bit more spase for stock
B&G Foods announces public offering of senior notesB&G Foods (BGS -0.3%) intends to offer $450M of senior notes due 2027.
B&G Foods intends to use the proceeds of the offering, together with the proceeds of borrowings under B&G Foods’ proposed first lien senior secured term loan facility, to redeem all of B&G Foods’ outstanding 4.625% senior notes due 2021, repay a portion of B&G Foods’ borrowings under its revolving credit facility and pay related fees and expenses.
source
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