RE:AnalystsCardinal rules to investing or trading in today's markets:
1. Don't trust analysts! They are there to make themselves money. Not to give free advice to the public.
2. Don't sell at the lows! You don't lose a penny unless you sell. But mentally write off the money in your head. So if you are left with $10K, determine if that cash (minus $7 trade) is better here or elsewhere.
3. RichardTrader is a typicaly SH scumbag who wants your cheap shares. He's a clown with a salt shaker after a train wreck. He'll pick your pockets and spread salt on your wounds. Then spit on your face. 100% scumbag.
Don't feed the rats from the penny stock sewers. Put them on ignore. They want your attention and your pain. Most importantly, they want your cheap shares!
I have to get up to speed on Valeant. I'm trading this 100% on charts and oversold. Never ever seen such a large cap tank so far, so fast. That's one hell of a nice trade for a guy like me! Not really my sector but heck, I wear contacts so I'm a client of this company I think! They have top brands and the reaction to the tiny drop in revenues is the best joke of 2016!
Who far can we go? I don't know. Some of these clowns here are magicians, I'm not. You can bet the big fund guy isn't going to be sitting on his cash!