Your thinking seema to be flawed. They just revised down 2015 from $10 to $8. They guided down Q1 2016 with limited forward visibility. Plus they have $30B debt that you haven't factored in.
To tell you guys the truth, I didn't make any money on VRX today. I didn't even trade it. It's not clear where it is headed. I'm not sure why so many people on this board are so committed to being long. Either they bought before the big drop and are stuck waiting to break even or they are making the classical mistake that since it was at $273, it must be a bargain .
The real trade was buying weekly puts today for AAPL. With Icahn bailing, you new it was going to drop. Made some big bucks there. It trended really well on the news and it was a relatively low risk trade.
A lot of pumper posting about stock going up 5% ... going to $40. Even with 10K release, many fundamental problems still exist. There is no such thing as a sure bet ... easy money. Otherwise, we would all be multi-millionaires
They still have $30B debt to address, lower demand issues and ongoing investigations. It's hard to figure out the valuation of this company
The press release says they will no longer assume 5% for tax rate. For non-gaap, I calculated the new tax rate to be about 20%. They don't highlight this but bottom line, the 2015 EPS has been reduced from $10 to $8. You just have to compare the earning releases and you will see this.
Haven't you found that max pain is not a good indicator of stock price?
If it opens down, I'm not going to be too happy. I sold my puts 10min before closing. Oh well, it was a gamble to hold anyways
I'm going to sleep well. I don't hold a position. It's too much of a gamble. I'm going to sleep well tonight.
Could be a long night. It could be a long day. If this helps, electronic submissions are allowed from 6am to 10pm on weekdays. There is no need to keep checking until tomorrow 6am.
As per SEC website
I thought you said you weren't going to post on this message board since it didn't close above $39? Was that just a lie?
They have until 7pm EST to file it electronically tomorrow.
To buy puts for PRGO. I didn't touch VRX because initially it wasn't trending well. It was a disaster for PRGO longs. Not only did they lose Papa, but Papa left behind a huge mess. They guided down on the same day that Papa left. Multiple downgrades for PRGO. Perfect setup for an extended downfall throughout the day. And you guys think Papa is your messiah that's going to fix everything? He's the same guy that rejected the Mylan acquisition back when PRGO was at $200.