Activist investor Ackman's hedge fund sells Valeant stake - http://finance.yahoo.com/news/activ...d-sells-valeant-stake-211711656--finance.html
Reuters reporting that the $VRX trade cost Ackman $3 billion. Video: http://www.reuters.tv/v/FWK/2017/03/14/ackman-dumps-valeant-at-3-bln-loss
lol you guys are funny! was waiting for it to go up after adding some to a few free ones @ $17 and that didn't work out at all!
I do feel this is going to start setting a base soon enough. Sellers have every opportunity to exit here, stand back, let them do their thing.
Stock price above 20, 50, 100, and 150 dma 50 dma will cross 100 and 150 by next week at this place. Then the 200dma!
Bottom line, either you trust Papa, or not. He has executed as planned, SP will reflect soon. He said he did his DD before joining.
The move below the $13.00 area was basically excess where the smart market mechanics bought up. This week's advancement moved VRX back inside of last year's volume profile bell curve. This behavior commonly and consistently leads to the market reverting back to prior "value" or in this case the most active price-by-volume from that chart interval. That number in 2016 was approx. $28.80. I hopped a ride from $13.20 and sold today at $15.18 (had a temporary resistance at $15.25), but it blew right thru it. I'm looking to buy on the next dip opportunity and hold for that reversion - especially if I can get $14.80.
Son of a ...... Had an order at $14.80 waiting but the dip today only took it to 14.89. Already a near 50 tick bounce off that level. A breach of $15.46 today to the upside (yesterday's value) would mean another leg up today to test the mid 16's.
Valeant Pharmaceuticals Receives Complete Response Letter from the FDA for Latanoprostene Bunod Ophthalmic Solution, 0.024% NDA - http://markets.businessinsider.com/...d-Ophthalmic-Solution-0-024percent-NDA-554064
Market Makers don't want anyone to make money on this. Longs keep getting shaken out, Bears keep making then loosing money. $30 coming.
Valeant Pharmaceuticals Intl Inc Is Looking Healthy - https://finance.yahoo.com/news/valeant-pharmaceuticals-intl-inc-looking-154929192.html