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John Paulson Slammed (Again) After Citron Goes After Mallinckrodt Next, Stock Plummets
It has not been a good year for former Bear trader "right person at the right time" with his subprime short, John Paulson who after getting slammed on Valeant, if not quite as badly as Ackman, moments ago saw a quarter of his investment in Mallinckrodt - where he is a top3 holder - wiped out, when Citron tweeted that "MNK has significantly more downside than Valeant" and is a far worse offender of the reimbursement system.
At these prices $MNK has signif more downside than $VRX-- far worse offender of the reimb sys - more to follow. VRX can't live in a vacuum
— Citron Research (@CitronResearch) November 9, 2015
MNK stock immediately plunged nearly 25% following just this one tweet, with "more to follow"...
Dragging the stock to its lowest since 2014...
Pualson (and his 6.6 million shares of stock) may be hurting, but so are all these other top holders, many of whom will be quite angry with Andrew Left at this moment, who seems to have more sway with one tweet than people worth tens of billions with their meticulously structured investments.
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Look forward to left committing suicide by shooting himself in the stomach with a nail gun 18 times and than throwing himself off a sky scraper.
And all because he and his guys understand the businesses and models since they're the smartest guys in the room.
The power of 140 characters. Imagine if someone got inside the Fed's Twitter
"Rate hike not anticipated until Q4 2019. Likely -25 bps overnight in December. QE4 inevitable."
they understand the fraud the current stock "market"...not business
Twitter should just start a short only hedge fund and delay tweets by a few seconds. Instant profits.
Now there's a business model. Kinda like front running and inside information all in one (You buy the holes, the stars are free.), but it's Zuckerberg, another smartest guy in the room and in bed with the NSA/NWO, so no harm no foul.
How much "cash on the sidelines" does it take to double down when this mmany large holdings take the hit?
https://en.m.wikipedia.org/wiki/Andrew_Left
How many people at Citron are now buying?
I'd be far more worried about IBM than mnk.
boo frickedy hoo [/dr. evil]
I'd love to slam Hank Paulson
oxycodone drug pushers
Unfortunately, there is an unholy marriage between the pharmaceutical companies and government. The pharmaceutical industry is the largest political lobby in the US, spending over $244 million dollars on lobbying. Watch this segment from the news show 60 Minutes to see how lobbyists influence Congress, remembering that the legal drug companies are the biggest lobbyists in America today
Unfortunately, there is an unholy marriage between the pharmaceutical companies and government. The pharmaceutical industry is the largest political lobby in the US, spending over $244 million dollars on lobbying. Watch this segment from the news show 60 Minutes to see how lobbyists influence Congress, remembering that the legal drug companies are the biggest lobbyists in America today: - See more at: http://healthimpactnews.com/2012/legal-drugs-vs-illegal-drugs-are-we-fig... Unfortunately, there is an unholy marriage between the pharmaceutical companies and government. The pharmaceutical industry is the largest political lobby in the US, spending over $244 million dollars on lobbying. Watch this segment from the news show 60 Minutes to see how lobbyists influence Congress, remembering that the legal drug companies are the biggest lobbyists in America today: - See more at: http://healthimpactnews.com/2012/legal-drugs-vs-illegal-drugs-are-we-fig...https://finance.yahoo.com/q/pr?s=MNK+Profile
see all that air traffic control over Afghanistan is going hand and hand with the double Irish with a Dutch sandwich...
Evil empire
Unfortunately, there is an unholy marriage between the pharmaceutical companies and government. The pharmaceutical industry is the largest political lobby in the US, spending over $244 million dollars on lobbying. Watch this segment from the news show 60 Minutes to see how lobbyists influence Congress, remembering that the legal drug companies are the biggest lobbyists in America today: - See more at: http://healthimpactnews.com/2012/legal-drugs-vs-illegal-drugs-are-we-fig... Unfortunately, there is an unholy marriage between the pharmaceutical companies and government. The pharmaceutical industry is the largest political lobby in the US, spending over $244 million dollars on lobbying. Watch this segment from the news show 60 Minutes to see how lobbyists influence Congress, remembering that the legal drug companies are the biggest lobbyists in America today: - See more at: http://healthimpactnews.com/2012/legal-drugs-vs-illegal-drugs-are-we-fig...CTRL V got a little outta hand there, don't you think?
the crot! they were the main supplier of pharma cocaine to dentists for many years. it seemed to find its way onto the street for the rich. they are always into sonething dirty. as for paulson, he's busy buying houses in aspen and putting all those fees to work. he's a one trick pony. he was lucky on the short. he'll be gone in the next two years. of course, he'll gate everyone and milk the fees for a few quarters.
Every day is more fucking awesome than the previous.
Long skittle shitting unicorns!!!!
If Paulson didn't make that rigged bet on housing he would be bagging my groceries. This guy is showing his true colors with so many bad investments now.
Mallinckrodt's best known product is pharmaceutical grade cocaine:
http://www2.mallinckrodt.com/Templates/Pages/productdetail.aspx?id=1597
Maybe investors are looking forward to legalization of ALL drugs?
Class action lawsuit just announced! https://steinmeyerlaw.com/mallinckrodt-plc-mnk/