Drug makers and sellers will become utilities under the coming Clinton Administration. Utilities have to ask permission and justify price increases.
I'm thinking BK by end of April. This stock is pure speculative play. The natural resistance points for VRX seems to be on the 5's, as in 25, 20, 15, 10, 5 .... all the way to zero .... complete with dead cat bounces.
This stock is a pure speculative play and has no intrinsic value due to it's massive 31 billion debt and lack of synergies between it's business segments. Years from now Valeant will go down as a rogue company just Enron and Lehman Brothers.
I do think there will be natural day trader resistance points on the 5's, as in 25, 20, 15, 10, 5. This stock has no intrinsic value due to it's $31 billion debt and is a pure speculative play.