Discussion:
The Markets: Losing $1B A Day!
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Her Lao
2016-03-16 02:04:21 UTC
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https://www.yahoo.com/finance/news/bill-ackmans-publicly-traded-vehicle-151404823.html

I've been following this guy --- Bill Ackman --- and his VALEANT PHARMACEUTRICALS, VRX, for some time, and I don't understand how he thinks he's gonna make money defending the "business model" this company's been engaging in the last a couple years...

Last August, VRX was about $250 per share; today, it is $33.54, after falling, in just one day, 51% plus.... So, naturally, today alone, Bill Ackman lost around $1B... on paper.... luckily, as a multi-billionaire paper-chasing hedge fund manager, he still has enough money to rebuild again.

But if us little people lose 30-50% of our capital, from a concentrated investment like Bill Ackman ---- which is also a tactic I like to do --- we are out...
Her Lao
2016-03-16 03:55:15 UTC
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https://www.yahoo.com/finance/news/steve-cohen-disclosed-2-8-211827654.html

Big pay day for this guy, with 2.8M shares going up 432$% on a single day, for a drug for a form of Leukemia...
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