In the next three trading days, VRX will gradually drops to this past Monday's low: $28.92.
There is absolutely no reason to buy VRX shares or its calls when she is not actively going up.
But Valeant hasn't made any money in its entire corporate history!
"What do you mean die with VRX, please clarify yourself. MAde a boat load of money trading VRX with Minimal Risk. This thing trade on the technical like the T. 25, 30,35 and 38."
Oh, I understand some like to go long VRX for quick swings, but longs here "seem" to be defending this stock as if it is a real investment grade stock with good fundamentals.
Going long for 20 minutes to 2 or 3 days may work, but holding a long position on this stock for more than a couple of days is asking for trouble.
"If I didn't go long shortly after the March 15 crash, would I be really eager to go long Valeant now?"
There are tens of thousands of stocks out there, you know. Why do you have to die with this stock?
Good luck to all.
Does Pershing Square have any money left to buy more shares of anything?
Don'[t overrate Bill Ackman. His track record isn't that good, you know, and he's on the decline. Don't side with a loser.
By the way, he's hated by somebody or some people. There's a website devoted to list negative stories on him, and it's paying Google to promote it.
Google "The Real Bill Ackman." The site with the same name should show up at the top of the list. Do you see an ad sign next to it?
". . . the big move up is coming this month."
Don't you think the recovery is "excruciatingly" slow?
If there's really value to VRX below $60 or even $50, the stock should have approached those within several days of the crash on March 15. It's been almost two months.
You'd better sell now.
This stock is just for trading, not for buy and hold strategies.
She will go above $38 . . . only after the current crop of longs dump their shares or calls.
If you think you're prepared to withstand the forthcoming downdraft, you will be proven wrong.
$36.25 is the midpoint between $35.00 and $37.50.
VRX closed below the midpoint, so $35.00 seems closer than $37.50.
Betting on VRX approaching $35.00 seems more realistic than betting on $37.50 when VRX is below $36.25..
(I'm a short-term trader who makes trading decisions on technicals.)