VRX Valeant Pharmaceuticals

Discussion in 'Stocks' started by Hemant Verma, Oct 8, 2016.

  1. What are your guys thoughts on upcoming catalyst and ER?
     
  2. Palindrome

    Palindrome

    It gets interesting maybe at 18...see how much momentum there is at that level...looking for more shakeouts
     
  3. I agree...18 if held would form a double-bottom. This company has potential for being taken over. When and if it hits 18, then buy calls with a strike of 25.
     
  4. Obsolete. Eventually. Fundamentals suck too much Debt ratio. I feel sorry for Bill Ackman.

    IV Rank is pretty high for VRX so train already left the station if you guys thinking to make money buying puts. I made money 3 weeks ago buying calls, gave back everything following week what I made from VRX
     
  5. It's too late for Puts....but any call purchases should probably out to December or later.
     
  6. Palindrome

    Palindrome

    Not buying yet...This could take another couple weeks to bottom. We are getting close though...need a couple more shakeouts.
     
  7. newwurldmn

    newwurldmn

    I think the company is done.

    I was wrong on this one.
     
  8. Palindrome

    Palindrome

    Somewhere between 9 and 16 this will bottom. Wait for some more fallout, it does not appear done selling off yet. Ackman is having a hell of time, I think he was buying CMG around 410 or so. It's funny I've been tracking those two stocks to buy for quite some time...have not pulled the trigger yet.
     
  9. newwurldmn

    newwurldmn

    Right now the company earns about 6percent ebitda to its debt. No way this survives with a criminal investigation.
     
  10. Palindrome

    Palindrome

    You might be right...but if momentum slows to the downside I'm buying. It really hasn't slowed in my analysis during this entire move. It keeps printing these new "puke" low points and retesting then puking, retesting etc. It might do that until it is worthless. But if it stops puking so hard, I will speculate.
     
    #10     Oct 31, 2016