Perhaps you are correct, and logic would suggest you are absolutely correct... I have about 20% room for error at this point on only 1/3 of my ultimate position. It's the equivalent to dipping your toe in the water. Once or IF this confirmation you mention happens, I will triple my position. So far my position is in the GREEN barely. My average cost is about 13.50. Not my favorite trade, but I think as a speculation, massive gains can potentially be attained.
During the last 3 earnings calls, VRX has revised forward revenue and EPS guidance downward. Unfortunately they cannot revise their debt-load guidance downward. The stock won't blast off until VRX hosts an earnings call where these downward revisions no longer happen. If they cannot do this, meaningful asset sales or a highly dilutive stock offering will likely be required. Just my opinion.
That is probably true. But stocks move typically well before news. The speculators are the first ones in, and if correct they are rewarded the most. I know where I'm getting out if this goes against me.
I've had VRX for 6 months in a long term portfolio. Ackman has ridden it down the whole way. From your posts, you've had it what 1 week? No one is forcing you to hold.
Well I bought at about 14, then more at 13.20, then more at about 14.80. Then I was in the green for 20%, now about even. Usually when that happens, I unload and look for another speculation or repurchase below the last low. trading can be annoying.
I'm positive on the trade... 1 of 10,000,000 traders who are in the green on VRX, but looks like it wants to retest the low again so I might sell at a $0.00 loss at about 14.25.
Unloaded all of my shares at 14.45 early this morning, that was my average cost mark, could not let my position be up 20%, then turn into a loss. Looking to buy a small position around 12.50.