VRX traded almost 4x average volume today and was down 12% on no news. Then dropped the restatement bomb after hours.
This is a layup for the SEC if they actually gave a shit.
This is a layup for the SEC if they actually gave a shit.
VRX restating earnings...BLATANT frontrunning
- Thread starter Clubber Lang
- Start date
Also down 10% on Friday - Perhaps there was some news Thursday AH?
Also down 10% on Friday - Perhaps there was some news Thursday AH?
WFC report came out saying business is broken. Today there was some news on some drugs that might have declines in revenue.
Restatement is not a fact. it's a rumor right now coming from CNBC so it has some credence.
Business is broken but there are real properties here and it's trading very cheap in my opinion. I was a buyer in the mid 80's and I still am. Just be okay with it going to $40.
Keep in mind that it's not insider trading if you're not using insider information. Its very possible that a hedge fund had a couple researchers doing a deep dive who discovered that the earnings statement was impossible for a variety of reasons, the fund shorted the crap out of it, and later the rumor comes out about a restatement. Or it was insider trading, always a possibility. Correlation is not causation though.
what, you thought all this was on the up and up?
This game is as rigged as the ring-toss at the local fair. Front running has been a given since 2009. Even that bald guy with the ponytail on CNBC fronts the options buys each day. Yet the investigative research guys like Citron are vilified.
Today, I don't invest. I don't trade. I steal as much each day as I can, then go flat at 4pm. Its basically a NY sanctioned looting...when the bell rings we come out swinging. The street level numbers runners sell us worthless paper and we flip it to an okie for a profit. We don't spend a dime. Guys down the street have a window we go to.... loan us as much as we need for nothing. If we have a bad day they will 'roll the loan' and 'double us up' with just a wink and a smile.
Sometimes we sell the paper before the runner arrives and then cover later. Lately we just wait for the okie to panic and sell it right back to us for half price. Then, the next morning, after he reads the Times, we sell it back to him again for double.
The only problem we ever foresee is that 'one day the okies will stop coming, stop believing the Times and will stop buying our worthless paper'
"Levon sells cartoon balloons in town
His family business thrive
Jesus blows up balloons all day
Sits on the porch swing watching them fly"
This game is as rigged as the ring-toss at the local fair. Front running has been a given since 2009. Even that bald guy with the ponytail on CNBC fronts the options buys each day. Yet the investigative research guys like Citron are vilified.
Today, I don't invest. I don't trade. I steal as much each day as I can, then go flat at 4pm. Its basically a NY sanctioned looting...when the bell rings we come out swinging. The street level numbers runners sell us worthless paper and we flip it to an okie for a profit. We don't spend a dime. Guys down the street have a window we go to.... loan us as much as we need for nothing. If we have a bad day they will 'roll the loan' and 'double us up' with just a wink and a smile.
Sometimes we sell the paper before the runner arrives and then cover later. Lately we just wait for the okie to panic and sell it right back to us for half price. Then, the next morning, after he reads the Times, we sell it back to him again for double.
The only problem we ever foresee is that 'one day the okies will stop coming, stop believing the Times and will stop buying our worthless paper'
"Levon sells cartoon balloons in town
His family business thrive
Jesus blows up balloons all day
Sits on the porch swing watching them fly"
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That's the race. They are earning well over their interest payments even if they take a haircut on revs and pricing.
give me one good reason why investors gave money to ackman? he's a salesman, but too cocky to take a loss, HLF and VRX are prime examples
his investors would've been much better off long SPY
his investors would've been much better off long SPY