Book value as per Wall Street Journal: $9.35 & falling! For any longs here, watch the book value tank. It was over $20 just recently.
https://quotes.wsj.com/CA/CXR/financials This is a toxic stock, it WILL go down a LOT MORE unless something very positive comes out.
The direction is set on the TA. Nobody can fight the tide I'd say.
On the fundamentals, we seem to have a financial engineered "house of cards" crashing hard and key players on the Caymen Islands. This is pure GARBAGE!
My only regrets is not fighting the bad actors sooner and assuming good actors were bad actors. I blame the Clown SHows for clouding my views. But really, it's a rude awakening that I'm really not as smart as I think I am! Humble pie for me and it's crow pie that I must eat for a little while....
Oh well, you need to learn and move on. Some lessons are costly, others are not.
CHARGE!!!!!!! ;-) LOL
PROtrading - mega bear on Concordia. With a tiny short position because I know I'm outmatched with the long/short US hedge funds "working" this one hard both ways like a smelly ragdoll in the teeth of some pretty BIG sharks of all sizes. My position is a ticket on this wild ride and you think the ride down was bad? Well, trust the charts and TA, holly smokes!
Valeant can possibly survive this attack. And this baby ragdoll? My bet is a delist within a year because no rug can cover the mountain of dirt being unearthed as each day passes.