The whole thing is driven by daytraders right now as evidenced by the massive volume. It's always a school of fish moving together in ignorance. When the dopes move on, the price will go up.
He's been short for 2 full years, just pushing his agenda because he hates Ackman and is married to his short position
Sentiment: Strong Buy
He's been short for 2 years, married to his position and of course he's going to push his agenda.
Everyone is waiting for it to go up & the market always moves whichever way causes the most pain. Especially id daytraders are all trading the long side. Sit tight my friends :)
14 years with that ID...fascinating! I think you're right, the ball is rolling uphill. Also, time to bang up against the 50 day.
Was going to post what Freen posted. I never daytrade, but my cousin has a daytrading operation with 20+ guys and said they were all trading VRX today. As you know its a bunch of minnows swimming one way or the other and when the institutions were done in the afternoon it was daytraders chasing it up to 38.5 and then back down again. Hard to see it not close at 40 by Friday.
Looks like some aren't discounting Ackman's ability to right this Titanic. I'm with Ackman on this one (Herbal Garbage also). $44 test coming in the next week.
It was 19.9 million at 12:22 eastern time, so 10 mm in 40 minutes...nice
I see $75ish a year from now, don't see it trading over 10x earnings for years, but its not going under and it's awfully cheap right now. Wish I could trade in n out like you are, but always seem to get married!