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VALEANT PHARMACEUTICALS INTL INC T.VRX

"Valeant Pharmaceuticals is a global specialty pharmaceutical firm with a focus on branded products for the dermatology, gastrointestinal, and ophthalmology markets. The firm also has a branded generics business that operates primarily in Latin America, Eastern Europe, and Asia."


TSX:VRX - Post by User

Post by Carlos66on Aug 09, 2016 9:20am
241 Views
Post# 25122090

Amber Kanwar On BNN

Amber Kanwar On BNN---she pointed out that VRX was one of the most widely held stocks by institutions who did not want to underperform the mkt., but on the downside they don't hold VRX otherwise they would undeperform; so don't expect institutions to come back anytime soon.
---any support for the SP in the coming days will come from shorts & probably won't last long.
---all the shorts won't go away with todays news as some believe more downside/uncertainty is still there & the recovery is not guaranteed.
---a few days rally I will give you.

carlos
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