I had bought Facebook shares when they went Public on that doom Friday. It was so ridiculous I found out how much I paid for my 500 shares on Monday due to the glitch Nasdaq had. It was $40.93 a share, and I kept buying to average out till it hit bottom at $16 a share. YES, $16 folks. I bailed out then due to the negativity surrounding FB with a huge loss, it made so sick seeing how much it is now. So, my advice to y'all is don't make the same mistake I have made, and I think that Twitter still hasn't bottom out yet, but keep buying if it goes down from the current level because I can see the same scenario is happening again here, and we all know Twitter isn't going anywhere and people are going to use it, and I'm sure the company will find ways to generate revenue. The bottom line, DO NOT SELL.
A position, does this make any sense? " Although Hempton has covered some of the short he still has a position and he states why he thinks the stock is going to zero."
Hope so as well....But, you shoudn't have put all your money in one basket and pray ro God it goes your way! This isn't investing, it is gambling with your hard earn money. But again, I hope it goes your way and this company stock hit the 40's mark again.
Let's start with the most ironic of options: Valeant Pharmaceuticals (VRX - Get Report) . Given Valeant's myriad accounting issues and mountain of debt at risk of default, Saunders could -- and should -- probably wait to pick up Valeant's best assets in a fire sale or bankruptcy. Think the Salix drugs which treat stomach disorders.
Allergan might be interested in acquiring Valeant'sBausch & Lomb eye care unit. [Bill Ackman has said Valeant could sell Bausch & Lomb to raise money].
He is going to buy Valeant for sure. I'm a buyer tomorrow, and I hoe it will remain under $35. This man just lost a Billion in a day, and he intends to recover it rather sooooooooooooon.
I would say so as well.....The man just sold millions of shares of another company to buy this stock possibly tomorrow....... It will print $40 tomorrow for sure, or heck maybe tonight within an hour from now.