RE:This was an expected pull back, great buying opportunityB2Invest wrote: After such a great rally at the end of last week, this pull back was well expected. Concordia's share price is much higher than this as per great balance sheet and revenues. You will see another rally up sometime this week. It's hard to find the bottom, but the stock price would be much higher than this over the next few weeks. This is an amazing buying opportunity for now.
Completely agreed! We have to remember a few facts:
1. The stock traded at nearly $120 less than two months ago!
2. There is a sector wide hedge fund short selling attack after the Turing -> Hillary affair
3. CXR is NOT a VRX or Turing Phamaceuticals !!!
4. The strong companies are fighting back this shamelss attack and market manipulation
5. Investors that sold on panic or because so many stop losses were hit are probably feeling very fooled at this point and can still re-enter cheap at this point
6. The new acquisition provides serious cash flow for more acquisution
7. The very bearinsh envonment on the markets late August/early September has turned bullish and we are in a bull market entering the stock buying season ("snow on the ground")
8. There is no debt issue, Teck Resources got killed with that and they are even recovering from its. The economies are doing very well. The markets needed that August correction
9. The health sector is not going away. People are getting older, medicines are being prrescribed more than ever. New advancements make it so people live longer. These are facts.
10. After a 20+ daily riun, it's perfectly fine to see a -sub 5% day!
11. The hired bashers on these boards are working overtime to negatively impact investor sentiment! They are either shorts or hired by the shorting team.
12. The company is trading as it it;'s going bankrupt but FAR FROM IT!
13. The sector rotation is yet another fabrication by the hedge funds playing atrocities with the makets.
14. BUY LOW!
If you are long. DO NOT SELL. If you aren't, HOLD. If you are a value investor, research the fundamentals on this company. All these bashers are here for a reason, to take the shares from scared and confused investors!
Markets always correct themselves, and at $120 in early September CXR was possible overbought but a company this size with such great fundamenttals can be discounted to half og that so $60 but anything else is grossly oversold and will correct itself.