Perhaps I lose money, or perhaps I average up Livermore style and ride it to 60 and make significant money. If it goes to 30 I can buy a 2014 BMW M5 with 35k miles on it. If it goes to 60 I can buy a 2017 bran new. If it goes to 5 I lose a 2013 used 600 CC Ninja motorcycle. An old Swiss Banker taught me risk and reward years ago.
I think under $14 there's not much downside. It's being priced at BK levels. Would consider a small position tomorrow.
Vincent what is BK levels? The way I'm reading price action I agree with you...could be wrong but we'll worth the risk
I agree, but I'm curious how this trades over the next couple weeks. I plan on adding around 17 or 16.50. I think if we touch 17, this thing flys to 22 pretty quickly. Call options were not that expensive, I contemplated bying, but I'm just in the stock. If this truly is the bottom, I think this hits 45 within a year. Big Gains $$$$$ Got my fingers crossed. I actually averaged down a bit at 13.20, so my average cost is about 13.50. Still don't have a full position on. Waiting for the stock to pop to 17 for that full position to ride UP.
Bot VRX.to (TSX-Canadian market-side) @ $19.67CDN (That's probably around $14.57 USD for my American cousins). This is definitely a train-wreck; ...but there's got to be a bounce in here somewhere??? My last train-wreck netted a 21% return; ...and yes I realize this is very risky.
combination of Papa doing everything wrong and Maris saying everything negative is perfect for those shorting the stock.
Still net selling activity in dark pools (been like that since may). So institutions are still selling... and it hasn't let up for a moment. There's risky and then there's catching a falling knife for no good reason. Better to wait until some confirmation doncha think?