RE:RE:US Markets Quarter Research is Excellent and I would recommend all to follow him on twitter. He is calling for a fade by end of day. Greatplay (what a joke and ovbiously severely underwater from his history) seems to have mysteriously vanished from the board this morning! But Im sure he will grace the board at the end of the day and say he saw the fade coming and sold!
GenericAdvocate wrote:
TraderBen wrote: Seem to be going to the moon This is the first day that we may see a pause in the markets and use it as an opportunity to buy something that has a hope in recovery. The bond market is saying that this company is in dire need of Chapter 11 restructuring and the banks will have a fight between themselves - common shareholders will be screwed. It is beyond me why anyone wants to try trading in a company where bankruptcy is even being debated. Even if you believe they aren't going bankrupt anytime soon get into something where you at least have confidence that the company can service the debt they have. Withdrawing guidance and not providing forward guidance on their last earnings call was when the writing was on the wall that this company is seriously f****ed
I am not a trader; but I am advocating for fair pricing on generics and hope that I see this happen
The people on this board don't move the share price so it doesn't matter what is posted here but I follow Quoth the Raven on twitter and Chris has a LOT of followers. I hope that all price gougers get fried who take advantage of being a "Canadian" company due to their head office location (but do no business in Canada) including Valeant. How do you think Trump is going to like that when he tries to make America Great Again?