Sunday, 23 April 2017

Valeant Pharmaceuticals International (VRX)

Initiated a position on this US counter recently, at the $11+ region.

And it has been heading south eversince :(

Read a detailed history of this company here.

I have since averaged down, believing that at some point this counter will turnaround.

There have been alot of articles advocating a very bearish stance, but let us see.

You can read so of them here, here and here.

Hopefully they all end up wrong and I'm right! HAHAHA

Right now its last close was at $8.51.

Look at the chart over the last few years! Scary!


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