Volume is dropping because there is not any reason to buy this junk until the investigations are cleaned up and the patient and shareholder lawsuits are settled. VRX management ahs to come clean about the problems so investors will have confidience.
Nothing has change since May 5th. There are many problems to resolve before anyone is going to ring the all clear. VRX will go up and down on daily rumors and news bits. Take a look t VRX around twenty and be prepared to hang around for tree to five years. New CEO is out talking to "stakeholders" instead of determining the state of the company and then execute a plan of action. elrrambu
doplerone, I hope your 5000 shares was on paper and not the real deal. in any event it would down $8000.00 today, and you would be and/or are up $5000.00 at the close. I think we are finish playing this game, so I wish the best in all your trades and that you make a ton of money. Good luck. For the record I do not have a long or short position in VRX. I may take a speculative shot at 20 or 21.elrrambu
Good evening doplerone, today you lost $6,000.00, but still up $13,000 on your VRX trade. I think you will be able to buy this junk at a lower price before June 10th. My suggestion take your profits and run like thief. You could buy back in around $20 to $21, at a later date. VRX is driven by daily news and there is more bad stuff coming before this thing starts to get better. Just my opinion, and I hope you make tons of money on your trades. elrrambu
doplerone, up another 10,000 better run while short seller has pumped VRX for a short term gain. The party will not last . Congratulations, but more bad news to come. elrrambu
He sold JCP and TGT at a lost. HLF another that needs lightening. He did very well in GGP. My point is that there is no assurances that he will do well in VRX after he failed to sell above 250.
He was wrong on TGT, HLF, and JCP. What makes VRX any different. He was right on VRX but stayed long at the party. Bering right on VRX is tantamount to lightening striking twice in the same place.
You can continue to buy next week as this junk will be on sale again at a lower price. People love to buy junk.
coin8033, you are right on target I have trying to tell these people months that VRX is a losing bet. But like you I have been scorned and abused. A high school student could provide a better analysis than is written by some of the proponents of VRX on this board. One over riding statement keeps people betting on this loser, people love to buy junk and hope it turns into gold. Some argue that the smartest people on street know something. Well Ackman was the smartest guy on the street in 2014 and now he is the biggest loser. Anyway your post is a good read and maybe some might be saved.
He probably bought at $70.00 or higher, and bailed when it dropped to $35.00 cutting his loses. look at the stock prices for that quarter