RE:Signs of lifeI've had very good luck "buying fear" in recent months. Only large, well known companies that are in the doghouse for some reason.
I would have not considered Valeant but the recent changes in Management is generally quite a catalyst. They've made some big mistakes but that's why the stock is not $347, th 52 week high! I have never ever seen such a plunge!
It must be devastating for long time share holders including the billionaire hedge funds invested in this! I can see why they stepped in! Pershing has an inpectible reputation except for being associate with the blunders of previous management.
I prefer companies that had stocks crash like just happened with VRX. All the 16K employees are still doing "business as usual". This appears to be a market over-reaction on a huge scale!
It's really another leap of faith here. That I know but so far, I'm 2/2 on these crashed stocks!
TACT, what do you mean my a "trailing short side stop is in the 63s?"
Seem to be that I should be buying here at $41. Are you saying to wait for $63?
This might sound silly but I'd rather buy here! Why wait for $63?