jeudi 22 octobre 2015

The little story of a fucking panic, for all the motherfuckers out there that follow fucking hypes like they were brainless assholes

On july 23, Valeant shares were sold at 341$ (CAN). At this time, many people didn't like Valeant practices which were (and still are) to buy medium and large pharma companies, make cuts, drop the budget allowed to research and development and rise drugs price. But the stock was still popular and the future of the company looked pretty good.

Three monts later, on october 22, Valeant shares are at 144$ (CAN). What happened in the meantime?

About one month ago, Hillary Clinton wrote some shit on twitter about drug prices that rose too much and Valeant was linked to that comment. A few days later, while their was still a lot of pressure on healthcare stocks, Citron Research, shorting specialists, released an article which was very negative about Valeant. The stock went down a lot.

This week, Citron Research released another article which said that Valeant stocked their drugs in a specialty pharma and the storage was considered as a sale (or something like that). In other words, Valeant sales were probably lower than what was on the quarterly results.

First of all, I have to say that I know a bit about Citron Research. A couple of years ago, I bought a stock which was named Questcor. They had a blockbuster drug (Actar Gel). Citron Research published a lot of articles that made the stock drop like fuck, to a ridiculous level. I don't remember the exact numbers, but I'd say something like a PE of 8, a ROE of 50 and EPS growth of 50% (these numbers are surely incorrect, but the difference between PE and ROE/EPS growth was completely insane).

So, I bought some shares of Questcor. And the results of the company continued to be good. And the stock went up. And Citron Research lost probably a lot of money that they couldn't reinvest to upgrade their fucking website which looks like it's been made in 2002.

I know. A single choice like that doesn't mean that they're always wrong, but I've never liked their approach and kind of writing (titles that look like a fucking magazine for teenagers with exclamation marks everywhere). It doesn't look serious at all. And they use a lot of shortcuts to reach their goal which is too destroy a company image.

Don't get me wrong. Even if my biggest position was Valeant until today (I haven't sold a single share but the price dropped so much that the percentage dropped too), I'm not madly in love with the stock. I don't worship this company. But I think they're very efficient at reducing costs and transform an acquisition in a success in a short period of time.

I want to adress here a few questions which seem obvious to me. But it seems that a lot of people haven't asked themselves about these.

1- How the motherfuck Citron Research didn't release their article before the Hillary Clinton tweet?
2- How the fuck everybody loved Valeant in the summer and now, three months later, everybody hates Valeant, everybody thinks the stock is the worst fraud in history and many dare to tell us that the stock will go to 30 or 50$ pretty soon.
3- How the cunt people were willing to pay almost 350$ for a single share of Valeant and are now ready to sell them for 120 or 140$ EVEN IF NOT ANY FUCKING FUNDAMENTAL HAS CHANGED.
4- Why everybody has a negative opinion nowadays (kinda "I told you so") but almost everybody shut their fucking mouth 3 months ago?
5- What makes Citron a reliable source that should guide your actions?
6- Valeant may not be perfectly clean. I don't know. But a massive fraud that will bring the stock down to 50$? Come on, they've got plenty of popular drugs. They've got Bausch and Lomb. Do you think they sell imaginary products?!?
7- You sell on the news. You surely buy on the news too. So you follow what is popular and flee what isn't. You do exactly what many great investors have told not to do. 
8- You really believe that this stock is junk? Just take a look at the great investors that have a big part of their portfolio in Valeant (Robert Goldfarb, Bill Ackman and Lou Simpson who are probably in the top 10). They may be wrong, but if they're wrong, it means that they act like all you fuckers and fuck, I want to die if that's the case.
9- Stop that fucking bullshit about Valeant's model which can't continue forever (cutting R&D expenses). What tells you that Valeant will follow the same track forever? Do you believe they're too stupid to adapt their style in the future? Is that because you are idiots who have lived your life doing always the same fucking thing from 0 to 80 years old?

FUCK YOU PEOPLE ON THE STOCK MARKET. YOU CHANGE YOUR OPINION FOR TWO OR THREE BAD REVIEWS THAT CAME OUT OF NOWHERE AND YOU PANIC BECAUSE YOU BUY WITHOUT REFLECTION, THEN YOU SELL WITHOUT REFLECTION. YOU ONLY DESERVE TO LOSE ALL YOUR FUCKING MONEY ON THE STOCK MARKET AND DIE AS A FUCKING HOBO.

5 commentaires:

  1. Donnville defended VRX on BNN today : http://www.bnn.ca/Video/player.aspx?vid=733570

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    Réponses
    1. Citron are actually fucking with Donville and he's really upset!

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  2. Excellent vidéo! Merci pour le lien.

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  3. I always enjoy your comments masterpenetrator. Clinton is a POS. Point 8, i would wonder with Ackman how many big dogs are on the other side shorting this to screw with him.

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  4. That citron website looks like it will put a virus on my computer. Can't believe people take them seriously

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