RE:Not a good time to sellPRO, I hope you trade with a stop loss. When they announce restructuring it will go into the centsies. The bond market is saying its bankrupt and bondholders will only get cents on the dollar. 55% Yield .... OMFG! Just announce already Oberman and end the pain
PROtrading wrote:
Just sayin. If you rode this flaming trashcan to these levels, well, there's a reason for that and it's not because the shorties got real lucky on this jackpot of a bad stock. I'm really not sure which one is worst, Valeant or this turd.
There's some fundamental reasons why and the shorts were right. I made more money shorting this turd than going long but....
Now, if you're a lot time holder, take it as a lesson. The real Pros were at this for years. But if you look at the trading, a spike in Feb followed by a long drawn out selling to capitulation today, well, something is interesting with this stock but more from a trading than investment perspective....