Post by
B2Invest on Oct 21, 2015 1:39pm
This is panic selling because of VRX, Concordia will rally
People are selling because of what's happening with Valeant due to panic. Concordia will have a sharp rally up. This is the best buying opportunity, just remember!!
Comment by
TechTarget on Oct 21, 2015 1:42pm
Agreed. but you have to be mega contrarians to buy. A lttle crazy. Having some experience with oversolds work. All the TA (except oversold RSI and RT) says SELL, SELL, SELL! ;-) Hope people were lucky to pickup some 25s. Had to sell some non-healths today to buy into this sector. LOTS of blood but CXR has meds for that! ;-)
Comment by
d_trump on Oct 21, 2015 1:46pm
agreed, this in not vrx. Not even close. I am a first time buyer today.
Comment by
CJAlberta on Oct 21, 2015 1:43pm
This post has been removed in accordance with Community Policy
Comment by
TechTarget on Oct 21, 2015 1:47pm
Nobody can predict WHEN the rally will be, just that the rally is within scope (near term!) A year!?? Not for me! I move from sector to sector like a jet fighter! 1'm 100% in CXR for the very short term bounce. THe more it sells off here on pure panic (because of VRX) the more the run will be nice and long. This thing trades like a penny stock!