REPORT: ACKMAN FOLDS

Bill Ackman is leaving Valeant Pharmaceuticals.

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The billionaire investor, who was once the company’s biggest cheeleader, is has sold his investment and will step down from the Valeant’s board, according to a report from CNBC’s David Faber, citing sources.

The stock is falling in after hours trading on this news.

More to come…

Source – Business Insider

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Vladimir Ribakov

Following 11+ years of trading experience, trading my own accounts as well as for hedge funds and brokerages, I have decided to fulfill my destiny and to personally mentor Forex and Commodities traders. When I released the “Broker Nightmare” (software that hides trades from brokers) 8 years ago, I found an overwhelming number of frustrated people who genuinely wanted to learn how to trade the Forex market, but instead found themselves scammed and misled. Over the years I have also release other trading systems based on my trading strategies, and met a lot of people on my worldwide Forex seminars. We’ve formed a close Forex community and we meet once or twice a year in various locations in Europe.