No one is selling? How can you say that? VRX keeps going down. The volume is drying up and the price is still falling as there is selling demand that is being held up by lack of buyers (hence, lower volume). This is a bad sign. But I am a vulture and I look for beaten up stocks. I am interested, but the trend is definitely still down and that means selling.
VRX looks surprisingly weak, considering how low it has fallen. It is as if all the negative rumors are true and we are on the path to zero. I am in at about $68/share. I wanted to sell at $50, but hesitated when it dropped below my mental stop and now VRX is $19.95 and heading lower, apparently.
I did not have too much of my assets in VRX so I am not too worried, but don't like losing money, and I had big gains that I more than completely gave up in the market overall.
I am contemplating adding to my position, but I don't like buying when a stock is not doing what I expect it to do. But if it goes much lower, I may have to double my position which really won't be that hard to do. Or should I play with another beaten down stock to hedge my bets?
On the other hand, I would guess that the medical stocks will go up after the election, especially if Trump wins which he just might. American's are sick of this insider elite mentality and Trump will "tear them up" so maybe he will win.
I can not believe VRX is below $20 with barely a rebound. It must be really bad for the supposedly more informed large investors to be dumping like this.
So, should I double up by next month? Triple up? Quadruple up? Hmmm. I'm thinking but not too worried about it in any way. My business will be very lean and very mean in the next 60 days which will give me opportunities to invest in the stock market, assuming I choose to. Is it possible that VRX will still be continuing down by then? I never thought it would still be so low and going lower?
Is there no one to call Sodomy sin? Does anyone follow the Bible anymore? What McDonald's is doing is wrong. Am a voice of one calling in a spiritual wilderness?
I hardly eat at McDonald's anymore since I learned of them pushing homosexuality in Taiwanese despite it being illegal there. America instead of exporting quality and good values, has replaced good values with the wickedness.
I'm expecting $88+ but it looks like I will be waiting for at least a year. I have not bought more since my purchases around $68/share. I find it hard to believe that VRX is as low as it is now and is still heading lower. I may double-up next month if it stays as low as it is now. Then again, when stocks don't do what you expect, it is usually a bad sign as has been the case with VRX for some time now.
Repent, for Jesus may come back at any time. Then what will you do? The hour is near. Why was Sodom and Gomorrah destroyed? Where do you think we got the name Sodomy? It is evil and the reactions to what I posted about McDonald's and its contribution to the decline in the morals of the US just shows how far America has fallen. 911 did little to shake the arrogance of the average American. I wonder what will happen next? The Bible teaches that horrible things will happen to the Earth and that there will be signs in the heavens and war on Earth and yet man won't repent. It seems we are getting close based on how few seem to care if they are following God or not, giving their lives to Jesus and letting him bless you.
I just learned today of McDonald's pushing of immoral values in its markets. It has joined the likes of Target in its approval of immoral sin such as being gay. This is only a lifestyle choice in the same way that stealing or lying or sex outside of marriage is a lifestyle choice. What is happening to America? How far and how fast America has fallen. America has not repented at all since 911 and it appears to be falling deeper into rebellion against God (I am a Christian).
For me personally, I eat at McDonald's a lot. So do people who do work for me. As of today, I will eat there as little as practical. Why are so few not standing up against these sinful actions? Why are large companies now promoting sin?
America used to export missionaries. Now we are exporting the lies of homosexuality and choosing what sex you want to be. This is perverse. Does anyone care?
Sell your McDonald's stock, or buy more and vote the current management out.
Jim, the pot shoudn't call the kettle black. Both are marred. The fact that Munger and Bufffet are talking about Valeant in the way they are is a sign that they have an agenda. Is Valeant perfect? No, but they are not a sewer and for $25/ share, anyone should see the value there. They are trying to hurt Ackman for some personal reasons. I think the public feud is over now with Mungers positive comment on Ackman's Herbalife short, but I don't like what they were doing.
I expect to sell my VRX $88+ per share, but not as quickly as I once thought. How it might take 18-24 months to do that, but I can wait. Or maybe it will be that high next month. Who knows? I think we need to see how the Walgreen's sales are going. If those past Philidor sales can start to made up for, this stock will take off. Or if they can get good money for the sale of something . . . or if the female libido pill gets any taction . . . or if the earnings outlook significantly starts improving . . .
Any of that can happen any day.
We have the new CEO and the 10K. That was a big part. Now as the dust clears, this stock will more than double.
When VRX was $25, Crammer was still dissing it. He said to buy JNJ at about $109, instead. JNJ is up, but VRX is way up and was clearly the better stock to buy at the time. I expect to sell my VRX bought at an average cost of $68.14 at $88+. It will take longer due to all the smoke and bad publicity, but the company's prospects are great. Buffet and Munger dissing VRX does not even make sense. VRX is unethical but they are ethical supporting pro-baby killing politicians? Or selling sugar-water that might be contributing to the skyrocketing diabetes cases in the US and worldwide. OR they sell candy with refined sugars or ice cream and other fatty foods at Diary Queen and that is ethical when compared to VRX which is using drugs to save or make better the lives of people?
It is nice to see VRX up . . . but I was pretty sure it would just be a matter of time.
Charlie Munger says that sugar is a food staple. Yeah, and raising prices to maximize profit is a fundamental economic precept of capitalism. But Refined Sugar, as found in Coke, is really bad for you, as are most refined foods. And politically, Munger and buffet are very liberal. They support candidates who are for killing unborn babies. What could be more destructive to life than that? While Valeant is saving lives, Munger and Buffet are busy getting kids addicted to their harmful, refined and fat-laden foods, and supporting political candidates that support the mother's right to kill unborn babies, Valeant is saving lives and making them better with their products.
This reminds me of Crammer who didn't like VRX at $25, but liked JNJ at $109. Not that JNJ is a bad company, but the value at $25 was clearly with VRX. Finally, at $35, Crammer has finally admitted that VRX is a buy, but it took him too long. Clearly, clear, rational heads were not speaking regarding VRX. I expect to sell my Valeant, as I have said from the beginning at $88+.
Buffet and Munger comments seem odd to me. First, Buffet is saying that Valeant is evil, more or less, because they raised drug prices. And yet Buffet and Munger own a whole bunch of Coke. How is giving people diabetes and rotting young kids teeth not evil? What is the nutritional value of Coke? And what about Buffet at one time profiting on McDonalds? Or how about them pushing candy on kids through Sees candy?
They are two hypocrits, I'd say. At least Valeant his helping people by helping to make them better AFTER Buffet and Munger cause their customers to get unhealthy and sick via the junk food they are pushing. And what about the fat filled Diary Queen products? And . . .
I would not be surprised if they are profiting from Valeant in some way. Or maybe they are just mean and malicious towards Ackman. I don[t know but . . .
Does anyone remember Bufffet saying what a lousy investment newspapers are and then shortly afterwards buying a few more newspapers? And wasn't there a water company or something that Buffet was dissing on TV a while back while he was buying it?
And does anyone remember how he no longer talks to the women who wrote his autobiography, with his autorization, because she told of his dad's mob ties, or something like that?
Buffet is no angel it seems. And what Buffet and Munger are doing now with all the comments on Valeant just seems wrong. I wonder what they are up to now?
I am holding all my shares bought at an average cost of $68.14 and expect to sell them at $88+ in the next year or two, but hopefully in the next 18 months, but who knows?