Bill Ackman sold out VRX – Valeant Pharmaceuticals International, Inc.
Often it signals the end of a (vrx) down trend.
When investors had it enough, they can’t take the pain any longer and sold out, then it’s the time for the stock to turn around.
“The time to buy is when there’s blood in the streets.”
When stock goes down, I hope for my stock to goes back up. It keeps going down, inflicts more pain. When the pain is too strong, I can’t hold it any more. I had enough. I sold out. If there is no more sellers left, the stock has to go up.
stick to the trading plan; when to buy, when to sell. If the plan doesn’t work, twist it; perfect your trading plan first. You can’t have a perfect trading plan. If your trading plan produces profits, it’s good enough.