now the volume is 40M and the price is from 29 to 32, now you do the math, how many shorts covered the shares today in the morning. What a setup by Shorts.
May be Warren Buffett wanted to buy the jewels of VRX and that is why he and Munger are sledging VRX.
looks like there was a huge short covering few min back,
1. 678M @ 8.02 AM PT
2. 389M @ 8.04
and lot more transactions all at low 29s today, Its a clear trap and shorts are covering with huge volume.
holders are selling. Its a pure shorts play and a setup for them to cover at low prices.
I see good support at 70, we might touch 70 and rally back to 75 during this earnings season, this is based on the current trading trend. But if you are long term holder I suggest you buy now or hold on to your shares.
NEW YORK (TheStreet) -- Shares of Cigna Corp (CI - Get Report) were up 0.44% to $155.04 in pre-market trading Friday, after the company agreed to be taken over by Anthem (ANTM) for $54.2 billion, in a 55% cash and 45% stock deal.
Anthem will pay $188 for every Cigna share, with the deal carrying a $54.2 billion enterprise value including debt.
Cigna shareholders will get $103.40 in cash and 0.5152 Anthem shares for each share owned.
The combined company, which brings together the second and fifth largest health insurers by revenue, is expected to rake in $115 billion in annual revenue and serve about 53 million members, according to The Wall Street Journal.
The deal is subject to regulatory approval.
Anthem had previously made a few offers for Cigna, but no deal had been reached as price continues to be an issue.
On June 20, Anthem publicly made a $47 billion offer in cash and stock for Cigna.
Bloomfield, Conn.-based Cigna is a health services company that offers medical, dental, disability, life and accident insurance and related products and services.
Separately, TheStreet Ratings team rates CIGNA CORP as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:
"We rate CIGNA CORP (CI) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company shows low profit margins."
Highlights from the analysis by TheStreet Ratings Team goes as follows:
Investors have apparently begun to recognize positive factors similar to those we have mentioned in this report, including earnings growth. This has helped drive up the company's sha
Florida approves Anthem acquisitions of Cigna's state units The Florida Office of Insurance Regulation said it issued a Consent Order approving, with additional requirements, Anthem's (ANTM) application to acquire 100% of the issued and outstanding voting securities of HealthSpring of Florida, Cigna Dental Health of Florida and Cigna Healthcare of Florida. The proposed acquisition of Cigna's Florida companies is part of Anthem's proposal to acquire Cigna (CI), the Office of Insurance Regulation noted.
CI is oversold at current levels.
congrats longs, don't sell at these prices. Wait for $100 if you want to sell, but I am not selling even at 100.
You are right DougStarkey123, we all should put high limit sale order so that nobody can borrow our shares to short it in the market. This is insane how brokers borrow our shares to short it in the market and in the end take back our shares at lower values by creating panic. I have put my holdings for $150 sale limit order.
You may be right, BABA rallied from $82+ to $119+ just in one month from Oct 14 2014 to Nov 10 2014. This kind of rally can be expected again now. I just sold my GS and bought more Alibaba. Also today Alibaba is at least twice as big as what it was in Nov 10th 2014. Shorts are in big trouble for sure, and still waiting for the mega rally that some posters keep posting on this board.
Congrats longs and keep holding don't sell. Patience is the virtue for a stock like BABA that is being held low, rigged and manipulated.
around earnings report. Don't miss out this BABA super rally happening in next few weeks. BIDU is up by $7+, CTRP is up by $1.75+ and NTES is up by $5+
BABA has lot of room to grow and rally, thanks to all the sellers at these low prices and for sure sellers at these levels will kick themselves for selling and regret in the coming weeks.
Hillary racing for the president of US itself is Hilarious, forget about Hillary winning this race.
especially buying at these lowest possible levels around 30s.
See you all in 60s soon, just have patience, as patience is virtue here folks.
so far in the pre market VRX high is $37.50 that is $3+ up, hope to see $40 today by close or by weekend.