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Joe's Jeans Inc. Message Board

rics321 2 posts  |  Last Activity: May 16, 2016 8:46 AM Member since: Oct 26, 2004
  • rics321 rics321 May 16, 2016 8:46 AM Flag

    Gotta love the distortion of facts! There is PR about Brahman Capital exiting their position but none about TD, BMO, BAC, Goldman, Davis Selected Advisors and a bunch of other big institutions increasing their positions significantly in Q1. Again such distortions maybe bad in the very short term but give me an opportunity to accumulate at significantly lower levels than fair value. Infact institutional holdings in Q1 is up by 15 Million shares over Q4. That alone should tell the story. Also Goldman is doing due diligence on a lot of pending issues for VRX. If buying more VRX is good enough for them .... then its good for me! Also at some point in the very near future shorts are going to get fried and very very bad.

    My average buy is at $29 ... will double my position at 21.25 if it sees that level and quadruple at 10.93 if shorts manage to get it there. Either way fair value is 118 and thank you shorts for letting me get a steal!

    Sentiment: Strong Buy

  • rics321 rics321 May 15, 2016 6:37 PM Flag

    VRX shares rose 4% AH on Friday on reports that Tepper's Appaloosa purchased 975,000 shares in VRX in Q1. Immediately after that CNBC citied that Appaloosa sold 975,000 shares in VRX after March 31st and currently has no position. That is clearly insider and non public information. It clearly seems to me that CNBC is trying to suppress the share price of VRX with some ulterior motive. However they cant really do that next week ... can they? According to 13D's filings AH on Friday Goldman, BAC, TD and bunch of institutions have significantly increase positions in Q1. Waiting to see how CNBC will spin that?

    Sentiment: Strong Buy

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