Tesla valuation surged beyond any fundamental justifications and has formed a huge bubble which eventually will be burst.
In the way down, bubbles tend to form a head and shoulder pattern. The 2 possible correction pattern has been shown in the chart.
please share your thoughts. which one is more likely?
$ BPY $BPY.UN has a great portfolio of residential/office/ commercial properties. It s now trading at 30% of NAV. The malls has been affected by Covid 19 but the great location would help BPY to survive this crisis like the ones before.
I think 2 senario for the shares:
1- No Div Cut
2- Div Cut
The second scenario may cause the shares to drop in a short term...
Gilead Sciences is one of the largest antiviral producers in the world. Covid 19 pandemic showed that the greatest threat to the existence of humanity comes from Viral infections not wars or other natural disasters.
Gilead has hundreds of untested patented antiviral agents that can helps in these kind of situations. Finding the cure for the hardest diseases like...
New management has done an impressive job to turn around Valeant since Jan 2016. Under promised over delivered. Cash flow is strong and US$ index decline helps Valeant to improve its bottom line.
Technically the bottom pattern is almost finished and with a good ER in next month, I expect the rally continues.
I do not expect a very sharp move before ER. To be in a safe side I prefer to write expensive puts at strike price of 16.5 USD or 16 USD for after ER and I would like to bet on the long side. $VRX $VRX.CA