Post by
Bigboyone on Mar 15, 2016 3:33pm
Its going to get ugly-
I am very surprised that the merge of Tribute and Pozen, which is, the sum of Aralez parts.. are now worth less then when Pozen was on its own.
This is a low Pozen has not seen for 10 + years.
We have a new trading range fella's,$4.50-$5.20 and I wouldnt be surprised if we broke $4.00 on the downside in next few days.
Fundamentals have not changed, but the fund guys follow each other and I am afraid they may all now cut loose. (Truth be told, why hold money here?)
I do feel they will come back in at somepoint, but who knows when that will be.
Sadly, as all of us who owned Tribute, feel shafted as I though we should have recieved .24, not .14..but too late now, as I have to watch my other 2014-2015 stock picks 50%+ higher or double, etc...and think what could have been with my $.-
Comment by
select1011 on Mar 15, 2016 3:40pm
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Comment by
snootchybootchy on Mar 15, 2016 3:57pm
I think some of this selling can be attributed to the Valeant debacle. I think people will buy back into healthcare once Valeant finds a bottom. I wouldn't be surprised if there is a bounce tomorrow as both Valeant and Aralez look extremely oversold.
Comment by
select1011 on Mar 15, 2016 4:32pm
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Comment by
kuatolives on Mar 15, 2016 5:22pm
Who knows, yospral might get approved, a few deals get signed, by this time next year the stock could be at 20 bucks. Nobody knows. Concordia lost more than 8% today on no news so what can you do. Buy more, sell, or hold. That about covers it eh.
Comment by
Bigboyone on Mar 24, 2016 2:56pm
Kuato- Glad your optimistic, I am not so much, so , I would say I am hopeful, As everytime, we test a new 52 week low, its like a punch in the stomach. I would guess on performance.. its still going to get worse before its gets better. Our Tribute shares are A-kin to a revese split , which anyone in the biz knows that usually a kiss of death..