Monday, May 16, 2016

VRX a wild ride

It is gut-wrenching to watch my 7 digits investment in VRX going up and down, and down, and up.  Each move adds or wipes a year of income for a typical family.  I tried to make myself above the turmoil and keep telling myself that my strategy will turn out to be right and will have the last laugh with Bill Ackman.  But it is harder than I thought.  Each morning, I check the quote and I have to tune my emotion to deal with day's tasks and other challenges.

http://finance.yahoo.com/news/short-seller-helped-bring-down-193940102.html

Don't know yet.  But the news is turning.

Plan to sell 1/3 when it hits $70, hopefully April 2017.  Will keep the rest and borrow again it to avoid big tax bill.

No comments:

Post a Comment