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Bullboard - Stock Discussion Forum VALEANT PHARMACEUTICALS INTL INC T.VRX

"Valeant Pharmaceuticals is a global specialty pharmaceutical firm with a focus on branded products for the dermatology, gastrointestinal, and ophthalmology markets. The firm also has a branded generics business that operates primarily in Latin America, Eastern Europe, and Asia."

TSX:VRX - Post Discussion

VALEANT PHARMACEUTICALS INTL INC > Hundreds Of Billions Wiped Out
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Post by UppersDowners on Jun 17, 2016 4:14pm

Hundreds Of Billions Wiped Out

this year and still this dog touches new lows. Always thought this would bounce back but now think maybe some on here are right and this is the next Nortel. Sad to see so many lose pensions or have to work past retirement while the people in the know sold their holdings before this mess started. Again no one goes to jail for robbery.
Comment by Lostinmarket123 on Jun 17, 2016 4:26pm
This is Wall ST my friend. I used tow work there. I saw what these guys are. People respect Buffet , Ackman , Icahn etc ... in reality they are high end thugs.... I am happy I came out ...I earn myself decent by playing them these days and try educate others to see through things ... problem is very few believe us
Comment by Marky1 on Jun 17, 2016 4:52pm
I am now down 30k on this stock and. I feel soon down....The only positive thing that I can say, though it is very miniscule is that all the pharmaceuticals were down today...Teva, Cxr, Agn, Endp..I guess misery likes company....Good weekend all...Come Monday morning I'm on the phone with IR..
Comment by domcolumba on Jun 17, 2016 10:03pm
Marky I hear ya and you're not alone with the losses. I sold my position yesterday. I set my bottom price at $30. Most of my capital gains for 2016 were wiped out in la little over a month. I will look for a re-entry point lower. I knew Valeant was a big gamble. It is the continual lowered guidance that is killing the stock. GLC
Comment by Lostinmarket123 on Jun 18, 2016 3:01am
Take my advice friends if you guys got out ..stay away from this scam...they are looking for money to cover their loss...if ackman really thought this will go up then why will he buy such a large chunks of puts..thats what ackman did and stock has been falling since then...he is making money ..more it falls more ackman makes money...I have a feeling he will announce one day he sold a large ...more  
Comment by Joe454 on Jun 18, 2016 9:51am
This post has been removed in accordance with Community Policy
Comment by Marky1 on Jun 18, 2016 9:21am
Dom....I just cannot bear to take such a loss...I hoping for a revival in the SP...I hope Papa will come out with a statement very soon, either a sale of some assets,new agreement with another drug distributor , new name for the company,new product from the pipeline coming into production etc etc...I'm sure that the board especially Mr. Ackman will be analyzing more of what to do this weekend. ...more  
Comment by StocknerdEQcool on Jun 18, 2016 9:57am
One has to learn to know when to hold and when to fold. At the end of the day, Cash is still the King, not the value of a stock.
Comment by Lostinmarket123 on Jun 18, 2016 10:01am
@marky take loss before it balloons ... If I lose 5% I sell... Why because I tell myself why I bought was to make a few percent and I was sure it will climb... But since I lost 5% it means I was wrong... Admitting wrong is an art that needs to be core of investing ... Protect your profits ... Protect your money ... That is what you should do
Comment by Joe454 on Jun 18, 2016 10:24am
This post has been removed in accordance with Community Policy
Comment by Lostinmarket123 on Jun 18, 2016 10:36am
There is only one variable... Retail investors ... What is the situation with retail investors...are they invested fully so that their money can be gobbled...are the retail interested in buying and if not can we create some excitement... Market makers ask them selves every data about retail and take decisions ... News is part of the game company releases... They have both good and bad side always  ...more  
Comment by Lostinmarket123 on Jun 18, 2016 10:24am
Just to add to this topic ... It says billions wiped out ... No billions never got wiped out ... Billions got snatched from investor in a scam ... Money is constant ... When you buy you pay ... It doesn't get lost...it goes into wall st pocket... From your broker to banking system to market maker for stock they all share this loot in a system called capitalism... They always paint it as if ...more  
Comment by Joe454 on Jun 18, 2016 1:57pm
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Comment by Lostinmarket123 on Jun 18, 2016 3:49pm
@joe as I said they know when a retail investor invests ... They know when an institution invests...you broker is part of the system and they exactly know 
Comment by Joe454 on Jun 19, 2016 9:40am
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Comment by domcolumba on Jun 19, 2016 7:34pm
I'm just waiting now for the slide to stop and the stock pricer at least move Sideways. The time to buy is a 52 week low and that is where we are at. GL
Comment by Joe454 on Jun 19, 2016 9:16pm
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Comment by Lostinmarket123 on Jun 20, 2016 1:51am
52 week low is the most tricky point to buy or short. I always let it rise before buying ...once it touches 52 week low you never know where the buck stops ... it might go to from 22 to 18 or 15 or 12 who knows...thats why I would rather lose a few % of profit than take that risk. Same goes for shorting side ... never short at 52 week low ..you never know when trend turn back...trick is to protect ...more  
Comment by Joe454 on Jun 20, 2016 9:17am
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Comment by PROtrading on Jun 20, 2016 3:57pm
And that ladies and gentlemen is from a seasoned trading scumbag.  No need to review too much posting history to see this is a typical SH pro scumbag.  Bashes to buy. Well, thank you shorty for your outing here!  LMAO!!!
Comment by Joe454 on Jun 18, 2016 9:45am
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