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Updates on SunEdison and Valeant

Added on by C. Maoxian.

I wrote my widely-read posts on SunEdison ($SUNE) and Valeant ($VRX) back in January, and thought I'd post updated charts to show what has happened since. 

SunEdison (SUNE) was $3.41 when I wrote that post and last traded at $0.43, an 87% drop. The trend turned in July 2015 and has been continuously down since.  I'm flabbergasted that there are big-money hedge funds that rode this one all the way down, and continued to hold even after reading my post. 

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Valeant (VRX) is a little more complicated. As you recall, the key exit was on September 28, 2015 at $196.73, the same day that Xuhua Zhou's blog post appeared. On December 7, 2015 my trend-following system signaled a buy in VRX at $94.08. The exit from that long occurred on February 16, 2016 at $90.49 (a loss of 3.8%), and the trend has remained down since, with the stock closing last Friday at $28.10, a 68.9% fall from the February exit.

Again, there were prestigious, big-money guys who rode this thing all the way down, and even *added* to their losing positions as it fell ... completely unbelievable from this frayed-shirtcuff chartist's perspective. 

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