VRX Valeant Pharmaceuticals

Perhaps I lose money, or perhaps I average up Livermore style and ride it to 60 and make significant money. If it goes to 30 I can buy a 2014 BMW M5 with 35k miles on it. If it goes to 60 I can buy a 2017 bran new. If it goes to 5 I lose a 2013 used 600 CC Ninja motorcycle.

An old Swiss Banker taught me risk and reward years ago.
 
I agree, but I'm curious how this trades over the next couple weeks. I plan on adding around 17 or 16.50. I think if we touch 17, this thing flys to 22 pretty quickly. Call options were not that expensive, I contemplated bying, but I'm just in the stock.

If this truly is the bottom, I think this hits 45 within a year. Big Gains $$$$$ Got my fingers crossed.

I actually averaged down a bit at 13.20, so my average cost is about 13.50. Still don't have a full position on. Waiting for the stock to pop to 17 for that full position to ride UP.
 
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Bot VRX.to (TSX-Canadian market-side) @ $19.67CDN
(That's probably around $14.57 USD for my American cousins).

This is definitely a train-wreck; ...but there's got to be a bounce in here somewhere???

My last train-wreck netted a 21% return; ...and yes I realize this is very risky.
 
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Still net selling activity in dark pools (been like that since may). So institutions are still selling... and it hasn't let up for a moment.

There's risky and then there's catching a falling knife for no good reason. Better to wait until some confirmation doncha think?
 
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