REPORT: ACKMAN FOLDS

Bill Ackman is leaving Valeant Pharmaceuticals.

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

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.