Identical Bull MACD up cross setup as July and August when it surged $3, $6 each breakout day. Triggers today: lowest volume, inside day.
^^ even lower now lol... Valeant ex-CEO, ex-CFO focus of U.S. criminal probe: Bloomberg -- http://www.streetinsider.com/Genera...+U.S.+criminal+probe:+Bloomberg/12186577.html
Kept a lot of ammo for this kind of drops. Thinking of adding. Bottom line you have a company generating 9.8 b revs & about 1.8-2 FCF
Valeant Pharmaceuticals Intl. Inc. Surges 34% on Reports of a Possible Sale of Salix - https://finance.yahoo.com/m/0e02207...3e4dd24/ss_valeant-pharmaceuticals-intl..html 3 Figures in Focus When Valeant Pharmaceuticals Intl. Inc. Reports Its Q3 Results - http://www.fool.com/investing/2016/...utm_medium=feed&utm_source=yahoo-2&yptr=yahoo
Catalysts for VRX: Salix sold= +$5-$10, FDA approval +$3, iNova + $3 Chanos dies +$10 Maris jailed +$5 Left goes to N Korea +$5
So much action in VRX these days, I should have paid closer attention yesterday to the big run. I was thinking it was too much too soon, but chickened out on getting puts because I thought it was going to squeeze more today.
Don't get pulled into the knee jerk swings of speculation, focus on long term healthy ER and FDA drug approval.
Troubled pharma company Valeant Pharma reported a quarterly loss, mainly hurt by a charge of $1.05Bil. The company reported a net loss of $1.22Bil or $3.49 per share in 3Q16 versus a net income of $49.5MM or $0.14 per share in 3Q15. Total revenues fell 11% to $2.48Bil hurt by lower product sales and negative FX.
