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Louis_IV

Legend

Joined: Feb, 2007

Posts: 34702

Posted: Apr. 3, 2016 - 11:56 AM ET #526

Quote Originally Posted by wallstreetcappers:

You have to be kidding me. You are looking pretty pathetic saying I am short this stock just because my comments were critical AND correct.

The LAST thing I ever do when investigating a company is go on twitter looking for confirmation of anything. I think you are taking this way too personally and are scrambling for validation rather than looking at information square in front of your face and trying to make educated decisions.

It isnt the end of the world making a bad stock pick, but to blindly throw that SHORT label on someone that is critical of a company is pretty bush league without a doubt.

I would never short a tiny stock like this, but I do regret not shorting VRX. When that news first hit the thought in my mind was a good target for VRX was sub 30 and that was when the stock was still over 100...that if things sorted out that it could go down there. I didnt short that either, but really where is the juice in shorting a puny biotech like this one at the prices we were discussing the state of the company???

I always find it interesting when people have nothing positive to say about a company/stock and seem to be knowledgeable on the company/stock yet have no position. You've had nothing positive to say about this since the start, yet don't have a LONG position. Generally speaking, and you may be a rare breed, most folks don't have time to spend following/researching a play only to have 0 stake in the game. If I was not invested here, it is with 100% certainty I'd no very little about current events and where this is going. You seem to be paying close attention to this stock w/o an positional interest per you. So, let me ask, what is with the interest. Its not an Apple or a Google or a Tesla, or other big name. Its not a stock people just follow on a whim. Outside of Covers, where do you work? That may help me. Good luck fella

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wallstreetcappers

Covers Linesmen

Joined: Feb, 2003

Posts: 56707

Posted: Apr. 3, 2016 - 5:29 PM ET #527

Read through this thread and you will figure out why I took some time to research this company.

From the start of this thread you involved many members and when you promote something and have 10 plus pages where people purchased a stock based only on your promotion, sometimes it FORCES us to get involved.

My past does not really matter but if you had followed this forum longer than a few years you would know I have a past as a broker and an accounting degree.

I know how to quickly evaluate a company in the same way many people do..based on financial analysis and observation of the operations of the company. Public information is so fast and detailed that anyone can get a solid understanding from a bit of research, and if you know what you are looking for and spend a bit of time you can get a GREAT deal of research and understanding.

I found it interesting that the bulk of your commentary and insight comes from twitter, yahoo message boards and relying on PR releases from the company. I had a time in my investing past where I would follow message boards like yahoo and I have to say that those times were probably some of the worst return periods I ever had.

You are blindly captivated by the story of this stock and if I believe your position story, you have lost a ton of money...that happens. I've bought into a story of a stock and lost, but based on the market pain I went through over the years I dont let ANY stock blindly lead me when I know it is going in the wrong direction. Ive been hammered many times, but I no longer let one stock overtake my portfolio, especially when it is going down.

Dont be upset at my analysis, I am not the only person who saw what the issues were and the price action of the stock was screaming at you, yet due to your personal attachment you ignored it and hopefully you will be able to catch some breaks and it will return to that 6-7 range for you.

I would suggest you spend less time on investing message boards, they pollute your thinking and make you less clear in your decision making processes.