VRX update

vrx dec 15 2015

Today the stock gapped up and started trading at $143.36. Last blog we mentioned that we would sell once the stock would trade above $140, which it did today. So we would sell now for a 50% or so gain. We do expect, as mentioned last time, that the stock could easily trade above $160 or so. Tentatively we view this as a 4th wave but more importantly there is a public announcement re. Wallgreen etc. etc. For the courageous, you may want to hold on early in the morning and get out at the open of the market. These spurts up ($22 so far) tend to extend for at least a day.

By the way, at these low prices the stock is still trading at a /e of 74.