VRX Valeant Pharmaceuticals

[Palindrome]

Perhaps you are correct, and logic would suggest you are absolutely correct... I have about 20% room for error at this point on only 1/3 of my ultimate position. It's the equivalent to dipping your toe in the water. Once or IF this confirmation you mention happens, I will triple my position.

So far my position is in the GREEN barely. My average cost is about 13.50.

Not my favorite trade, but I think as a speculation, massive gains can potentially be attained.

 

[Palindrome]

Still moving, hopefully we get some real "panic buying" soon.

 

[SteveM]

Still moving, hopefully we get some real "panic buying" soon.

During the last 3 earnings calls, VRX has revised forward revenue and EPS guidance downward. Unfortunately they cannot revise their debt-load guidance downward. The stock won't blast off until VRX hosts an earnings call where these downward revisions no longer happen.

If they cannot do this, meaningful asset sales or a highly dilutive stock offering will likely be required. Just my opinion.

 

[Palindrome]

That is probably true. But stocks move typically well before news. The speculators are the first ones in, and if correct they are rewarded the most.

I know where I'm getting out if this goes against me.

 

[Palindrome]

I'm losing patience on this speculation

 

[jj90]

I'm losing patience on this speculation

I've had VRX for 6 months in a long term portfolio. Ackman has ridden it down the whole way.

From your posts, you've had it what 1 week? No one is forcing you to hold.

 

[Palindrome]

Well I bought at about 14, then more at 13.20, then more at about 14.80. Then I was in the green for 20%, now about even. Usually when that happens, I unload and look for another speculation or repurchase below the last low.

trading can be annoying.

 

[Jamie J.]

Somebody still holds VRX? Guys, you really make me stare.

 

[Palindrome]

I'm positive on the trade... 1 of 10,000,000 traders who are in the green on VRX, but looks like it wants to retest the low again so I might sell at a $0.00 loss at about 14.25.

 

[Palindrome]

Unloaded all of my shares at 14.45 early this morning, that was my average cost mark, could not let my position be up 20%, then turn into a loss. Looking to buy a small position around 12.50.