RE:Above $30MichaelSilvia1 wrote: It was nice that the share price defended $30 on Friday, and moved back up close to the open price. Volume spiked as it approached $30, but the longs won (and I suspect some shorts covered). I suspect the drop was partially due to options expiry, which generally increases volatility.
Some smart people are pounding the table on CXR being a strong buy and top pick. It is just a matter of time before Valeant's problems are behind us, and the sector improves as a whole. Smart moeny must be loving these low prices IMO, especially the smart money that was buying at $45-$60, or higher.
Will we start the climb up next week?
How can you be labelled as "smart money" when your entry point is 2x the current stock price?