It's "BET THE FARM". Are you drinking again ?
VRX - time to buy ?
- Thread starter syswizard
- Start date
lol! It was a bit too early for the Ballantine's with my morning tea when I mistyped the post.
That is why you recommended to buy one week before earning announcement day ? to catch a weak 10% rebound before the downfall ? What a trade.
How to make real money ?
buy what is rising, sell what is falling, don't guess, just trade what you see.
Too obvious or too simple ?
Well, that is why most traders fail. They can't apply basic rules.
CM
Yes, of course, with perfect timing and big risk.
But with an "ok" timing and low risk, you would have made a killing with puts.
When you buy VRX, you fight against the trend. Same story if you tell me we can buy VRX today because "it is up +5%". But tomorrow, one week, maybe two, be sure, we will make new lows.
This is bear, so your reward will be higher on the downside rather than on the upside.
I don't understand why many people, including pro traders, want to fight the trend? Even a good trader like Handle123 wants to short Gold, and this is non-sense to me. Thanks to superior hedging capacity, he is able to not lose money when Gold makes new highs. But not everybody is able to hedge like him. So don't fight the trend. Odds will be in your favor.
CM
time for short squeeze - time for them to cover and move on
New lows in Valient today....despite a decent XBI showing.
This is getting interesting....market is indicating a complete blow-up for this stock.
Heck, David Ackman must be down a ton by now.
I think this is a "wash-out" move followed by a huge rebound.
Perfect call play...perhaps the July 25 strike.
The whole premise on the long side is:
Pappa will eventually "right the ship".....it just takes time.
Once investors perceive this, UP WE GO.
This is getting interesting....market is indicating a complete blow-up for this stock.
Heck, David Ackman must be down a ton by now.
I think this is a "wash-out" move followed by a huge rebound.
Perfect call play...perhaps the July 25 strike.
The whole premise on the long side is:
Pappa will eventually "right the ship".....it just takes time.
Once investors perceive this, UP WE GO.
Seriously, do you know what is a short squeeze? This is when shorters lose their shirts because they are forced to buy back their shorts in a hurry without liquidity. But when a stock like Valeant makes new lows every week, shorters are not really stressed, right? Moreover, Valeant is still a mid cap (USD 7 Billions), so no liquidity problem.
You better learn the basics.
As always, you try to catch a falling knife.
I told you one week ago VRX would made new lows despite the rebound.
By the way, too many "perhaps", "eventually". You can't make money if you are not 100% sure of your trading plan and money management.
CM