or even Buffett! Nah, that's not his style, he likes boring railroads and food companies. If this Citron report is false or misguided, VRX could go up 50 points in a day....
If I had that much I'd make my killing and then move on. This stock has more headline risk than any I've ever seen in 15 years...and it could go in either direction.....
VRX's stock is a trader's dream! 5-10 point swings in minutes! You need a lot of money and brass ones to play this back and forth.
Valeant (VRX) is the poster boy for biotech/healthcare fraud.....Now we need a serious 200-300 move down in the Dow, and we're in business. Where's that fat finger?
This is clearly a disaster. The market finally figured this out....I just hope it takes down the entire market with it, because the cheerleaders are still cheering on CNBC....Every biotech in the market is getting pummeled, and now it's spreading to the broader markets.
I just hope it takes the entire market down. The stupid cheerleaders on CNBC with their 2325 S&P predictions by the end of Dec.....They all belong in jail.
Sure...as if the whole mess will go away with one phone call....It's an act of desperation.
but the leveraged VIX plays (VXX, UVXY, etc.) are flying higher.....Maybe it's just the way they closed the futures, but the rest of the week looks really bearish....
Public companies used to be required to warn investors before their earnings day if they were going to miss their numbers. IBM knew their revenue would come up short in a big way, and yet they just released the numbers with no warning at all. If they had warned a few weeks ago, the stock may have recovered by now. Now who can trust them?
"If market holds"....Markets don't return to new highs with this much overhead resistance. This has been a bear market rally, with horrible market fundamentals, and more of the same from the Fed. I don't think the market will hold, and I see a big return to volatility starting next week. As such, contango will be moot, and VXX will rise again into the mid to high $20's within the next 2-3 weeks.
The ER report was awful, Macau revenue is bad, and yet they're bidding the stock up. Does this make any sense?
What a country. Absolutely insane.
Today will confirm that the recent rally was nothing more than a bear market rally. The indices are rolling over, which sets up the weekly charts for heavy selling next week.
Based on their thesis, I believe they're correct.
GS missed badly, the stock is up. Retail sales are horrible, the market is up more today than it dropped yesterday. I still think it's a bear market rally though.