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hungry_hippo
Nov 1, 2019 2:47 PM

BGS Wedgie Long

B&G Foods, Inc.NYSE

Description

BGS 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.

Trade closed manually

I'm getting bearish on the pump and dump market, closed this out this morning, don;t want any long positions this week.
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