Missing out the big gains after I left TASR and hoping to make it back with VRX. I was tired of holding TASR after 6 months and need to get into something with more movement. Murphy's law but good luck to longs. This stock deserves to be at least $25.
I totally agree with you. Started with high hopes but management has done nothing and I wonder how big investors like woodford are regretting throwing money in. You may as well just donate it. Management say one thing but doesn't do anything to investigate the short sellers or restore confidence on the stock after the test halt. Very disappointed to see this slow drip to death.
A dip of $1 would scare off the longs. I don't think so. Hard to time exactly but don't be laughing when you have to cover at $50.
Who trust Wells Fargo on lowering the target ? are they major brokerage house or they want to get it cheaper ? Honestly I don't trust or listen to anyone that is bashing or pumping the stock. I just look at what management is going to do to help the company recovers and heals the wounds. That is a bear trap if retail shorts jumped on today with the Wells Fargo report.
What is wrong with paying down debt ? Didn't the media keep touting that it has $XXM of debt last week and that it is so toxic. Now they are doing the right thing buy lowering their debt level and the stock got sold off. One last attempt for shorts to cover below $30 and profit taking from traders that went long at $25. A good ride in less than a week and we should see this swing back up again tomorrow. It is false security of the shorts to think that it will head back to the low 20s again. Another big short will come out and say that they went long soon. This may be Chanos.
So I kept buying last week with an average cost of $29. Had I got more dry powder, I would have backed up the truck at $24.
it will take a few more moves by Papa to restore confidence. He will come out as a hero, slashing prices that never should have been raised and cleaning out all the rats in the house. He deserves that $64M.
They don't know a darn thing more than you and me. Using other people's money, it is easy to exit. Perhaps they were selling to meet redemptions but still a terrible idea to put so much weight on the fund on one stock.
We should celebrate that the losers are gone. Glad that I bought some at $26 and wish that I waited a little and loaded up at $24. Oh well, you can never time the bottom but I think we'll hear and see more steps that Papa will take in the next few weeks. The media will start to turn positive.
Just wait til Chanos announced his exit. I bet he already did on Friday.
I bet you Chanos was covering when it hit $24 last week. Just wait til he comes out to say that he has covered and the retail shorts will be running for the cover.
I'm still regretting that I didn't buy LVS at $1 during the financial crisis. It went as high as the mid 60s. Would have been able to retire then so get as much as you can at these prices. Back in 2009, people think Vegas is going to disappear.
If you use Buffet's logic, VRX has a good product line and down 80% from their high. Even if it does not worth $250, it should be at least $80. Media wants you to focus on their debt but who doesn't have debt, especially pharmies.
He probably is doing now to average down. He already own some of VRX shares.
Don't let your profits slip away.
GS can crush some hedge funds like Chanos and send them to cover.
I don't think that Papa would jump from one good job to VRX if he thinks that the company is going south. I think he is confident that after cleaning up Pearson mess that VRX will shine again. They have a great product lineup. Right now it is about crisis management and how to repair good PR after the stupid price hikes last year. Pearson and Doyle should be in jail.