It's been awhile since I've written something. I'm so busy with something called trading and life, you see. I'm sure you've read countless articles on VRX so I will not dazzle you with MOAR charts and MOAR data. I went short VRX ever since the DoJ got interested around $180. I jumped in on the 'fear'. Perhaps it was a godsend that my short kept being profitable as Citron et al went full Lebowski on Valeant.
Is Valeant the next Enron? I don't have enough data based on my own analysis to say so. Is it Pandora's box? Quite possible. You're dealing with a company that skirts morality and legality like a fat guy ignores his cholesterol at a golden corral buffet. What they're doing certainly isn't illegal in the eyes of the law. What happens now is how they do on their defense and then support that with a strong offense. Until then, who knows. This isn't like my LL short where I am sure it was a fraud and they did settle out of court later. This is still ongoing and because no one affiliate has come out saying they've been swindled by VRX, jury's still out. Trade carefully muchachos. -Gavin
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Multiple AuthorsTraders from Equity Sense will be writing on this blog on positions and other market-related things. Archives
May 2018
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