This was a great buy beginning of the year 2016 from 19 to 23, but gave it all back.
SDS feels like its going lower to 17.50-19.00 range, then zoom, reverse direction to 23 again.
All a repeat of 2015 again IMO.
Today's news on Reuters.co - go and read it.
Comparison to Enron and Worldcom with multiple organ failure puts it in ICU.
Creative accounting issue will kill all companies.
Just relaying the message to all.
Did you own VRX in the past?
Or are you short VRX now waiting for a lower price under 20
HOT took the first offer too low...MAR low-ball first offer thinking no other bids coming.
Maybe market feels a higher bidding war coming...
Don't get greedy to hold until the end.
"I wonder if the politicians will have any effect on the lobbyists and drug companies ..."
The short-term effect as you can see is depressed health care and biopharma stock prices across the board due to the Hillary speech when she gets elected.
Every election it is the same rhetoric but doesn't happen...remember year's past when hubby Bill ran for pres?
Ride this one out, GILD higher stock price by end of year with a company to purchase anticipation. You get a dividend while waiting.
Looks like many like VRX for a day trade bounce either up or down for a quick profit....not a long term hold as the music can stop at any given moment.
100% guarantee VRX won't go over 100 soon unless there is a reverse stock split.
This is a toxic stock whose best days are behind it...miracles to save longs buying at over 100 ain't going to happen.
not my words but according to Barron's recent 3/21/16 article.
Barron's figure there will be goodwill goodwill write-offs.
Balance sheet has $40B and comparison to Enron.
Creative accounting will kill all stocks...just give it time VRX to teens, the single digits.
History will repeat.
Is Barron's full of beans or could be the truth.
S&P 500 since 2/11/16 has had a terrific dead-cat bounce - how much higher...expert guesses welcome.
That's more than 200 points on the upside, while SDS gone 23 to 19.
On a risk/reward basis, limited buying SDS averaging down here.
You can buy SSO or UPRO but not sure how much upside left...with a guess of S&P 500 to 2100 max.
Don't forget March is end of 1st quarter window dressing for managers to look good.
momentum buyers thinking "buy high, sell higher" but it went the other way.
Now VRX at around 27.xx if headed under 20, it's best days have passed.
Time to close the book on this one...built on a house of cards and the wind blew it down.
In January market way oversold...just the opposite now and can run longer overbought because many jumping on board not wanting to miss the rally.
Nibble here, but more when UVXY goes lower...can go 19-20 or lower
Then what...goes to 20 or back down to 6-7 trading range?
Looks like 11-12 will come today or next week instead 3-6 months from now.
S&P 500 won't go up in a straight line...it went down from the beginning of the year 2043 to 1810 and now at almost back to at 2040.
Nobody wants to hold and S&P 500 makes another round trip back down to 1800.
The upside some see are limited to 2050-2100 max.
Market was oversold, now overbought. Could be overbought for at most a couple week until end of March;
some it a continuation into April.
UPRO 63-65 highs good enough if you bought in 40s.
When VRX goes lower under 25...you still holding, buy more, or praying it will go to 50, or sell at a loss.
Unlikely to get to 50...that's over a 50% gain. Might get there with a reverse split.
Just wondering where you will put a stop to average in at lower price...before you wait for the upside for UVXY
Most likely it will be Hillary and the worse is yet to come.
Donald isn't any better.
Equities should go lower, but first need to see how much higher, estimate S + P max to 2100.
It may be time to nibble UVXY...average down to limit 22.
UVXY has gone mostly down when such index S&P 500 gets overbought, like now.
I'll be surprised with upside to exceed 2050-2075.