RE:I tried level best to warn you guysIf you predict this stock will go up, you're right.
If you predict this stock will go down, you're right.
We all know this is a volatile stock and it'll bounce off the walls in every direction. No one needs a warning or a public service announcement for that at this point. The gains from last week came out of nowhere, just as the drop from this week did as well. That will continue to happen and the winners in all this are most often the traders.
Long term, no one actually knows what will happen. It's all speculation and I'd be cautious of listening to anybody who seems too certain one way or the other. At the end of the day, Valeant doesn't know either, but you can bet they're trying to figure it out.
As for today, exited my position as soon as I saw the smoke (20/20 - wish I cashed out in the morning though) and fortunately only lost $60 of my 25k invested. I was hoping to hold on until next weeks likely approval(s) then consider unloading around there, but I'll have to feel out market sentiment in the coming days and decide whether to re-enter.