RE:RE:RE:Way oversoldSunshine, I disagree and this one can go much lower. After Valeant's earnings day the stock continued to decline for 3 additional trading days and many thought 51% was capitulation. That is why it is always safer to wait until crossing RSI.
sunshine7 wrote: agree with the falling knife thing but this was recovering nicely before VRX debacle, and again before earnings (which IMO were not bad). Given the volume traded and steep dip, this may be capitulation. If so, then we can start a new recovery... until VRX blows up again.