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.
I doubt it. The average Joe may but I think that what we've been seeing in the past 2 days are profit taking from those that bought in the mid 20s, margin selling and taking new short positions. Kudos to those that are taking profits after a nice ride up to $31 and for those taking a short position today, good luck because there is not much left before some big squeeze in the works. You know WS is good at catching people on both sizes. I doubt other hedge funds are liquidating their positions to meet redemptions, maybe a little bit but everyone is holding on at least until June to see what the release would be so why taking the loss now when there is a chance to get out at higher prices ? If I have excess cash, I would be adding even more today.
Sentiment: Strong Buy
Wish I've more dry power. Bought a little early on Monday but sticking around for the mother of all squeeze !
Sentiment: Strong Buy
You don't have a crystal ball to see what is coming in the next five minutes. Hiliary will be in bed with these folks. We will be back up to $100.