Post by
Lostinmarket123 on Jun 07, 2016 7:41pm
My view point going forward
Many have sent mail asking for what they should do now .. While I feel sorry for many stories you guys have sent ... I really don't have good news ... I do not want to give false hope... Look at their business ... Eye care and skin care are core ... Both down 30-40% from last year ... That's not bad news .. That's a disaster... There are not many shorts... It's just big holders selling and getting out.. Yes there are traders ... But traders need volume ... Going forward that is going to go down as long side of the story is kind of finished... A good trading stock needs both side of the story ... So is there no hope ... Yes there is if they sell themselves.. What's reasonable price ... Think 35-50 cad... If they are still hiding stuff it's 35 else 40 plus .. 50 cad will be great... But will they do it .. I do not think so ...why ... It's because the whole thing is a set up...they deliberately created the default story to sign the agreement with bond holders to pay anything they sell to them and not to share holders ...their intention is to sell it piece by piece ... Make money for Wall Street by making those deals while shareholders get nothing... Ackman already made 2.2 billion from allergen fiasco in tie up with valeant ... He will gain much more as some bond holders are his proxies ...over that if perishing square loses he won't lose but his clients will... He knows if he sells he will take a hit... So he will make money the other way..share price may nose dive or remain in range considering its business now has started eroding ... Their loans are intact ...rate increases are on cards..papa will thrown out some time but will be given golden handshake..they cannot do deals to grow ... If stock has no growth its price will remain in range or go down.. I am looking for my next game as well as valeant trading will slowly die as well.. These are my personal thoughts... What I gather from my friends in wall st is there is pressure on hospitals and docs to avoid valeant products.. That's the reason for business slow down... So take your own decision .. Don't sell if you don't want to just don't invest any more in this .. My two cents .. Good luck
Comment by
peter75 on Jun 07, 2016 7:48pm
one point Dr pressured not to buy the products not a chance, they priced themselves off the market as other competitors have decided to mark down like kind quality i agree with you. Pack man has done it again, where he goes the lemmings follow, where there are lemmings you find bagholders
Comment by
Dasani20 on Jun 07, 2016 8:28pm
I want to sell all my shares tomorrow. What should I put my limit price as? Would appreciate your expertise. (bought at 31.80)
Comment by
Joe454 on Jun 07, 2016 8:47pm
This post has been removed in accordance with Community Policy
Comment by
Dasani20 on Jun 07, 2016 8:52pm
Want to at least get hundred at the very least? Do you think it will get over $32.50 tomorrow?
Comment by
Lostinmarket123 on Jun 08, 2016 3:25am
@DASANI no one can predic what will be the price ... but 32.50 is a reasonable price if this rises a bit though we might see a new 52 week low as well...in stock market 52 week low is considered a curse ...once a stocks gets that it keeps breaking that till there is a significant rise ..till we see that catalyst we will see
Comment by
Joe454 on Jun 08, 2016 10:17am
This post has been removed in accordance with Community Policy
Comment by
groupguru on Jun 08, 2016 1:41pm
Wow! Someone with some common sense.
Comment by
relaxxxxxxo66 on Jun 08, 2016 8:31am
If you are an invester or trader, buy when there is BLOOD IN THE STREETS!