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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: rdkflorida2 who wrote (4730)	4/12/2017 10:27:49 AM
From: Kirk ©	Read Replies (1) \| Respond to of 26766

Sure. New stock ideas are always welcome. Perhaps say what VRX is, how it hit your radar and why you like it. If you know how, post a chart too.

To: rdkflorida2 who wrote (4730)	4/12/2017 10:54:16 AM
From: rdkflorida2	1 Recommendation Recommended By Kirk © Read Replies (1) \| Respond to of 26766

VRX > Valeant. It has had mostly bad news over a long period of time. Today's S.A. article made a point of the company refusing a 900 Million dollar bid for one of their units when the asking price was 1 Billion. I had been wondering about that refusal for a while. I agree with the S.A. author's conclusion. This shows strength. Their were other points made that I also agree. with. Also, there are approximately 46 Million shares short with an ADV of just under 18 Million. I believe there could be a decent short covering rally that could move the PPS to fill the gap above to $12.00. My stop is just below the 52 week low of $9.44. This is where several of my K.I.S.S. system indicators showed turnaround "potential". If I am wrong my loss will be minimal. But at the current price I thought it was worth a bet. Hope I am not early like I was with AIRI. I will have to do a mea culpa. TWT. I will try to do a chart and do a snap photo. RDK