SureTrader
Home > Boards > US Listed > Medical - Drugs > Valeant Pharmaceuticals International (VRX)

Not exactly.

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
JLS Member Profile
 
Followed By 48
Posts 6,233
Boards Moderated 0
Alias Born 12/14/04
160x600 placeholder
Allergan Pact Advances -- WSJ "Dow Jones News" - 1/17/2018 3:02:00 AM
Judge Signals He Will Approve $290 Million Settlement Between Allergan Shareholders and Pershing, Valeant -- Update "Dow Jones News" - 1/16/2018 6:32:00 PM
Judge Signals He Will Approve $290 Million Settlement Between Allergan Shareholders and Pershing, Valeant "Dow Jones News" - 1/16/2018 5:09:00 PM
Ortho Dermatologics Announces U.S. FDA Filing Acceptance For IDP-121 Acne Treatment In Lotion Form "PR Newswire (Canada)" - 1/12/2018 7:00:00 AM
Ortho Dermatologics Announces U.S. FDA Filing Acceptance For IDP-121 Acne Treatment In Lotion Form "PR Newswire (US)" - 1/12/2018 7:00:00 AM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 1/9/2018 3:31:39 PM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 1/9/2018 3:28:46 PM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 1/9/2018 3:26:19 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 1/9/2018 10:05:55 AM
Valeant Provides Company Update At The 36th Annual J.P. Morgan Healthcare Conference "PR Newswire (Canada)" - 1/9/2018 7:00:00 AM
Valeant Provides Company Update At The 36th Annual J.P. Morgan Healthcare Conference "PR Newswire (US)" - 1/9/2018 7:00:00 AM
Bausch + Lomb Receives CE Mark From The European Commission For The Stellaris Elite™ Vision Enhancement System, Including T... "PR Newswire (US)" - 1/8/2018 8:00:00 AM
Bausch + Lomb Receives CE Mark From The European Commission For The Stellaris Elite™ Vision Enhancement System, Including T... "PR Newswire (Canada)" - 1/8/2018 8:00:00 AM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 1/5/2018 3:59:50 PM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 1/3/2018 6:02:03 PM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 1/3/2018 11:20:29 AM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 1/3/2018 10:23:15 AM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 1/3/2018 10:14:21 AM
Valeant Pays Down $300 Million Of Senior Secured Term Loans "PR Newswire (Canada)" - 1/3/2018 9:00:00 AM
Valeant Pays Down $300 Million Of Senior Secured Term Loans "PR Newswire (US)" - 1/3/2018 9:00:00 AM
Valeant To Present At The 36th Annual J.P. Morgan Healthcare Conference "PR Newswire (Canada)" - 1/3/2018 8:00:00 AM
Valeant To Present At The 36th Annual J.P. Morgan Healthcare Conference "PR Newswire (US)" - 1/3/2018 8:00:00 AM
Valeant Announces Preliminary Resolution Of Allergan Shareholder Securities Litigation "PR Newswire (Canada)" - 12/29/2017 12:55:00 PM
Valeant Announces Preliminary Resolution Of Allergan Shareholder Securities Litigation "PR Newswire (US)" - 12/29/2017 12:55:00 PM
Bausch + Lomb Receives FDA Approval of LUMIFY™ - The Only Over-The-Counter Eye Drop With Low-Dose Brimonidine For The Treat... "PR Newswire (Canada)" - 12/22/2017 3:02:00 PM
JLS   Thursday, 11/09/17 03:27:34 PM
Re: JohnCM post# 3858
Post # of 4290 
Not exactly.

VRX is my second largest holding. MU is my largest.

The horizontal lines on the right side of the chart below represent the true statistical Closing price distribution of VRX over the last 13 months. The price regions around the spikes should be considered as Sup/Res regions. You should note that VRX is currently trading (with high volume) above an SR region centered at about $15.40 (on a sucky day).

It appears that price is headed toward the next highest SR level around $17. I like to bring in extra income by selling Covered Calls (CCs), so I’ll be looking to see how VRX behaves as it approaches its next resistance level then decide If I should sell those overhead Calls.

FWIW, I never use stop-loss orders -- it’s too easy to get stopped out of a perfectly good position. IMO it’s better to sell CCs when one feels like putting in stop-loss orders and let the market decide whether or not to take the shares. At least you get paid to be taken out. And if you don’t want to be taken out, you can always roll the Calls out and up at relatively low cost.




Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist