RE:RE:RE:RE:Not a good time to sell"Word is out"??? Really, isn't that illegal!
OK health, I've never call BS on your posts but I will call BS on this one. I admire all short sellers of this flaming dumpster, including myself! Why did the trash can flare up in Feb huh?
But really, you have no posistion and are just here for fun? Come on. Ask some of the regular full timers on this sad 2bit site. here 24x7 all the time. Fortunately, we have some high rollers who appears to tell us this crapola of a site does move needles (and flaming trash cans like this one! ;-)
Don't get me wrong, I don't disagree with your thinking here but just question it. Because it sounds like wild speculations? How's this one:
The fact that your broker recalled your shares at $2.50 indicates to me that owners wanted to sell, please a stop loss at $2 and BOOM, we hit it. If this thing does a douple spike like early Feb and will be YELLING!!!! LOL my position is a for da fun here.
Don't have lot of skin in the game here. I'm here for educational and entertainment purposes. I'm amazed Lattice hasn't covered. Nobody having make that much gain with their own cash would be trolling for pennies if they aren't on some payroll....
PRO - "The LifeLong Learning with Lattice/Iattice/turnip as his Master dominatrix" . LOL
Health123 wrote: Word is out is my guess. And I know the question wasn't directed at me but yes I would be still short and short more - but my crooked investment banker called in my shares at 2.50cad I would guess the S&P will re-rate the first lien notes and then it will go down into the cents if restructuring isn't announced by then. Either way, its cooked and there is no interest or volume for a bounce
PROtrading wrote: Different schools of thoughts on this. Stop loss are like having an auto-pilot/auto ejection seat.
I generally prefer to have my finger on the button :-)
My read from today is the shorties leveraged the Valeant junk to drive a "stop loss attack" How many had "$2, that's it, I'm OUT" as a short stop.
You short here? Question for you, would you short some more right now at these prices?
Kazinsky wrote: PRO, 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....