This page has been archived and commenting is disabled.

Valeant Just Won't Stop Falling

Tyler Durden's picture




 

Despite Ackman's triple-down, Valeant has given up all the after-hours' gains and is rapidly losing last week's "buying spree" dead-cat-bounce rally as Pershing's newly synthetic position in the troubled stock moves deeper in the red...

 

 

As we noted previously, Pershing's position 'proxies' 34.12 million shares at an average cost of $113.76...

Although his exposure is dramatically non-linear should things not work out (and note he remains even more  drastically underwater still even on this newly acquired position).

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Tue, 11/24/2015 - 13:11 | 6832878 FreeShitter
FreeShitter's picture

Ackman, never go full retard ya douchebag.

Tue, 11/24/2015 - 13:19 | 6832918 Bay of Pigs
Bay of Pigs's picture

Does he have a deathwish or what?

Why would anyone trust his judgement at this point?

Tue, 11/24/2015 - 13:21 | 6832932 KnuckleDragger-X
KnuckleDragger-X's picture

Merely an ego the size of the Hindenberg, and it looks like the same end result......

Tue, 11/24/2015 - 14:17 | 6833324 barndoor
barndoor's picture

Ackman should consider waiving the co-pay for other potential shareholders looking to get in at these levels.....

Tue, 11/24/2015 - 13:14 | 6832897 Joebloinvestor
Joebloinvestor's picture

Isn't this known as catching a falling knife?

Tue, 11/24/2015 - 13:16 | 6832906 cowdiddly
cowdiddly's picture

Rookie move. Good money after bad.

Tue, 11/24/2015 - 13:21 | 6832927 rapetrain
rapetrain's picture

This is so transparent. In the next few days, Icahn will announce stake and stock will melt up as he makes demands that favor more buybacks, etc. Whatever you think about Ackman, the people working for him are some of the smartest guys on Wall Street.

Tue, 11/24/2015 - 14:29 | 6833442 barndoor
barndoor's picture

Not sure Carl is going to go out of his way to help Bill out of a jam...

Tue, 11/24/2015 - 15:30 | 6833912 rapetrain
rapetrain's picture

No person can possibly believe the threatrics of "animosity" between the two. It's all staged to divert from certain collusion.

Tue, 11/24/2015 - 13:21 | 6832925 SillySalesmanQu...
SillySalesmanQuestion's picture

Dorothy told Bill to click his heels three times and it would magically go back up to where it was before...

Tue, 11/24/2015 - 13:23 | 6832942 deKevelioc
deKevelioc's picture

Why are there so many articles about Ackman?  Who gives a crap?

Tue, 11/24/2015 - 13:34 | 6833004 commishbob
commishbob's picture

I give the Captain some degree of credit for going down with the ship. 

Tue, 11/24/2015 - 13:34 | 6833005 RiskyBidness
RiskyBidness's picture

he has been told to BTFD!!

Tue, 11/24/2015 - 13:35 | 6833010 buzzsaw99
buzzsaw99's picture

let's see, on his latest purchase -$27.54 x 34.12M shares, carry the one...

Tue, 11/24/2015 - 14:45 | 6833574 bamawatson
bamawatson's picture

nought times nought; carry the nought --- jethro bodine

Tue, 11/24/2015 - 13:56 | 6833179 sunkeye
sunkeye's picture

I was never more than a Johnny 1-Lot and even then being in a loser was BRUTAL. I can't even imagine the pucker factor at this number. But I gotta believe too this dude's squirreled away FU money w/ at least 8 zeroes right of the 1 & left of the decimal pt.

Tue, 11/24/2015 - 14:18 | 6833359 globalintelhub
globalintelhub's picture

Class action against valeant grows https://steinmeyerlaw.com/valeant-pharmaceuticals-vrx/ 

Tue, 11/24/2015 - 16:22 | 6834222 Kirk Lazarus
Kirk Lazarus's picture

"Won't stop falling"?

It was about about $70 a week ago and $88 today.

You are either ignorant or stupid.

Which is it?

Do NOT follow this link or you will be banned from the site!