VRX - time to buy ?

ironchef · May 9, 2016

swizard said:
2) new management
3) famous hedge fund manager on the board of directors

Same famous hedge fund manager was on the board of JCP, brought in new management too. JCP would have gone under if said famous hedge fund manager and his superstar management stayed.

recession2016 · May 10, 2016

the only thing bill (h)ackman is famous for is losing a lot of money and bag holding

the guy has proven himself to be a clown, but i suppose the real clowns are the people that have money invested with him

syswizard · May 10, 2016

Did anyone note how evasive Pappa was over the accounting issue that Cramer brought up ?
He didn't address it at all....not good.

felixbocharov · May 10, 2016

Still looks pretty unpredictable. Won't touch it for the next month.

syswizard · May 10, 2016

If it goes below 25, I'd be buying September 25 call options......or the 25/30 bull spread.

Jamie J. · May 10, 2016

Agree with Felix. Keep an eye on VRX. But don't rush to buy.

Lloyd W. Coutee · May 11, 2016

with only 21 million short its very difficult to create a short squeeze.Squeezes occur when no stock to borrow.

syswizard · May 12, 2016

VRX nearing that 23.55 low print of about 3 weeks ago.
All of biotech continues weak as measured with the XBI ETF.

Chris Mac · May 12, 2016

syswizard said:
VRX nearing that 23.55 low print of about 3 weeks ago.
All of biotech continues weak as measured with the XBI ETF.

I think it is a buy signal. Go all in!

Trend means nothing, smart investors know that! Catching a falling knife is a powerful strat!

CM

syswizard · May 12, 2016

Chris Mac said:
I think it is a buy signal. Go all in!
Trend means nothing, smart investors know that! Catching a falling knife is a powerful strat!
CM

Trends change quickly....especially after large moves and conditions of over or under valuation.
Review the 6 month chart of NFLX and tell me where the "obvious" short was ?