RE:Negatives keep piling up - why is this not down more?The stock is down 93% and is at $2.50 and its not going down fast enough. Just before bankruptcy there is usually extreme liquidity in this sitution. When they announce Chapter 11 perhaps you will get the hammer on the head you have been waiting for? Certainly the news today that they have tapped PJT Partners for financial advice on the heals of the bondholder pressure should move things along.... But I agree, the company should file already and get the pain over with!
BinTraden wrote: How does this stock not slide further with all the negatives that have been piling up in addition to being in the peak tax loss selling period for cdns? And by sliding I mean really sliding not just down a few % here and up a few % there like it has been trading! What's propping it up or Who? when everything looks so friggin glum!? Bulls and Bears care to comment? Bonds @ 35% - Financial Advisors summoned upon - tax loss selling - etc. Why isn't this zero yet with all this info out there already? Is this the classic Seinfeld, ...'you mean i got a chance"....and retail and small institutions only playing this game......I haven't been holding overnight for a while now as I'm afraid of a hammer on the head in the morning but I'm watching closely every move so as to not miss any trains leaving the station in one direction or the other. Btw - if I recall correctly I don't think Valeants bonds ever broke below 70% of their value at any point in time.....so I'm not liking where CXR bonds are trading at that's for sure.