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Having trouble understanding why this is trading above 10.
Will a troubled pharmaceutical company with a dubious past and teetering on the verge of bankruptcy survive 4 years of Trump? Highly unlikely.
Shouldn't be long now until it is delisted. All scams eventually come to an end. Enjoy your tax losses everyone!
Looks like Takeda took their money elsewhere. Purchased Ariad for 5+ billion.
Big boys. Lol
Most likely worthless. Don't buy a ton
Call options for the coming months are up significantly today. More than today's small price move would ordinarily generate
It's not going to climb to .50 without earthshaking news. Already had it's dead cat bounce. You don't get 2
Merry Christmas. Whichever way you play this be sure to be hedged. I play the short side but always have long term calls as a hedge. This stock is too dangerous to not have insurance.
Can jump or fall 20% or more on news. Happy trading
Short all pops. Easy money. Should finish the year at 52 week low. Back to 13 next week
Easy as pie. Banked a lot of ice cream money. Hopefully she pops again tomorrow so I can do it again
Don't count on it. Closes red today is my bet. Shorted at 14.58
Resoundingly rejected at 15. Here we go back to 13, maybe lower this time
Yes, it's looked like a bottom numerous times in the last 18 months:) Bottom is zero.
Maybe they could pretend somebody's interested in Salix again. Worked once, for about an hour. Is it at zero yet? I'm getting impatient
12.50 tomorrow? Hey, what's another 10%, right?
Yep, markets are raging and this dungheep keeps tanking. Seems like it's gotta hit that 52 week low below 14 before any upside happens. But, I won't be surprised if it keeps going south of 12 or all the way to 10. 10% drops are par for the course for this shorters' heaven
I was visited by a strange entity in a dream a few months ago. It said sell Valeant short and you shall prosper. I love that entity.
It's price is lower because it's a terrible company that is debt ridden and headed for bankruptcy. There are thousands of better investments than this. Unless you intend to sell it short. Then it's one of the best. You can't lose short side
Short seems like the safe bet to me. This is one scandal away from a drop to 10 bucks. Any upside move will get sold off immediately, as with the dubious 33% jump on the "news" of the "possible" sale of Salix.
Agree. Should drop to 14 before Christmas, maybe lower.
Risk-free short. Short all pops to the upside. Penny stock in 2017!
If they try another pump job like the one they pulled a week before earnings, short the crap out of it!
Boring. Make a move, you pile of trash
Best thing that can happen to the 2 involved I guess. Because they're dead men now. Suck to be in their families.
The news wasn't really much of a surprise was it? So, looks like it was a shakeout, cover opportunity. I mean, everyone knew there was fraud, so the charges were expected. But, they needed a reason to swing it and clear out some options that expire tomorrow.
Must have been. Look at it go!
Out of the blue? Perhaps. But spot on nevertheless. (Pats himself on back)
Did I nail it? I think I did
I doubt it. This will continue to tank, as downgrades and tax loss selling take it below 10 by years end. A year from now you can buy it for a nickel under the symbol VRXQ
Bold. Good luck to you!
Catch it under 20? Yeah, I don't think that will be a problem
No matter what? Think again.
Yikes. Well if you can afford to lose it take the gamble I guess. That's pretty much an all or nothing bet on earnings because unless it goes up tomorrow it's done for the year
One thing is certain. Bears have a lot more confidence than bulls with earnings looming. I mean, other than gold stocks, everything but Vrx is up big today
Well, in a fire sale the value of the assets gets cut significantly. If tomorrow's call isn't viewed favorably it's going to tank, plain and simple. And the share price will likely have little chance of recovery until January, due to tax selling pressure.
Nah. What little faith long holders have will be crushed if earnings don't surprise to the upside and a massive sell off will be triggered. This will continue to drop until the end of the year as tax loss selling will weigh it down. 10 bucks by Christmas.
The more the merrier.
They won't. Anyone can see this is about to tank enormously.
Short interest is in strong hands now as they reloaded on the orchestrated pump job. They know bankruptcy is around the corner and the assets will go for much less. Earnings will be a disaster and this will drop below 10 next week. The end is near for Valeant
Should be back to 52 week low in a few hours
I can't get over the magnificence of that pump and dump. Brilliant.