But I think the selling is also related to quarter end window dressing. The stupid fund managers are selling at the lowest to those big shorts to cover cheap.
There has to be reason for this and maybe we'll hear more in the next few days ?? Could be another loser fund that decided to sell at the new 52 low to clean out the books before Q2 ends. I would never buy such funds that would buy high and sell low.
you are half right. The company has to execute its promise and show that they have a road map to recovery. Yes, the company's name has been tarnished by Pearson and it takes some time for the public to remember. They have already lowered the prices on some drugs and they are not the only one that charges astronomical prices. My coworker has a new drug for Crohn's disease and two doses is $14K !!!! yes but luckily insurance covers most of it and the co-pay is only $25. You think two doses that are supposed to last for a month would be $14K. VRX was probably undercharging in the past and they were catching up. But the news was focus mostly on their steep price increases without looking at other pharmies.
I hope Cramer gets a heart attack and die. Honestly this guy has done no good to a lot of stocks and just profiting by bashing them. I've not seen a lot of good things coming out from this guy since the dot com days and he is still yapping every morning on CNBC. I purposely won't tune to CNBC until after 8:00PST to avoid hearing his voice.
A lot of companies have challenges and they need to proof that lower prices can still make a good profit. What was bad was Pearson making bad deals with Walgreen. Management needs to work on new partnership including Walmart and make sure that they are making money on all precriptions.
in a year. I know longs were blind enough to keep buying as it heads down but analysts keep circulating old news and poor Bill has no extra cash to load more to average up. We need some big shorts to cover and run this baby up. Right now, no one is touching it.
why is it down almost 5% ? are there news that Yahoo has not picked up ?
the spike was just 15 mins before closing so nothing bad coming out from the meeting. The strong volume is a good sign.
of course hedge funds are averaging down and buying for a turnaround. Why not ? when you've a new CEO that is trust worthy and putting his career on the line to turnaround the company. This stock may not be worth $260 but definitely is worth more than $24. Let say it should be $50 so it is priced way too cheap.
I still feel that shorts are controlling the whole game and it is not based on any real facts. they just want to see another mayhem. They are the ones that brought this to astronomical levels and then bashed it down. Shame on them.
I am a newbie and got it different levels between $25 and $31. Still staying on. I think Papa is setting the company on its path to recovery. Street will keep recycling old news but people are also absent minded so pretty soon the headlines will turn all positive. Good week for some big shorts to cover. That is all I can say by looking at the volume.
who cares about RBC ? that means we have more room from here. Why are we only trading at $24.2 ? they should be buying with hand and fist now.