If you buy 1000 shares each trade and wait for 50 cents-that's $500.00 with a click of the sell button. I will trade this weekly as many others are doing.
I already bought and sold this today. I will buy any dip next week. Day trading is the only way to go on these scams. How did this ever get to over $200.00 a share? Crooks, that's how. Notice insider sellers and their options.
That's why you must day trade. Get out before the close each day and take small profits. It adds up quick.
One more thing; today's stock price gives VRX a PE of 19 compared to PFE's PE of 29.
I would rather own VRX than the bio stocks that sport a negative EPS. At least they have branding and drugs that have already been approved for real income. At this price I would not be surprised if someone came in to buy all or portions of the company. I think your purchase will be okay as soon as the dust settles.
Smart move. Now that's how you play the game. Baker's probably sold at 77 today. They run the price on the bio stocks they own. Same with SGEN and ACAD.
I sold my PFE today on the run-up. I will buy again on the next dip if that ever happens. I fail to see why it is a good thing that the merger is in jeopardy but I bought near the 52 week low in the 29's and held long enough for this months div. I might pick up another bio stock when my funds settle on Fri. Not sure how soon PFE would be able to invest in biotechs since this Allergan deal may drag on for months of uncertainties.
I saw that too about the 4 shares and was going to post ""not to freak out" because it was total stock manipulation. Why wouldn't koolbrez check it out in after hrs. to see how many shares traded at that price. That should have been the first thing to do instead of trying to explain in detail. Geeez
caused the stock to tank. NVAX did the same thing in Jan. and it also tanked to new lows. If SGEN ever goes that route to get some desperately needed cash, run for the hills.