Concordia Healthcare Corp. T.CXR.R

RE:RE:NOT SHORTS

[argentia77]

Stockcoach1 wrote:

fdfd12 wrote: For this week.
 CXR                TSX                  IBB
-8.5%             +2.8%            +1.4%

For 2016.

 CXR                TSX                 IBB
-27.4%           -4.8%            -14.9%

Looking at these numbers, for the whole year, CXR
has been double beta of IBB.
For this week, I have no explanation.


I AM SORRY BUT....

Saying it is the shorts is a LAME excuse.
Tell me boys, why would the SHORTS come pick
on a stock that is 4.5 X this year earnings.
Isn't VRX an easier choice.

Shorts are smart people. They wouldn't pick on a stock
that is fundamentally great.
They only pick on stocks which have deteriorationg fundamentals
or are frauds.

Fd- to answer your question, my broker told me yesterday after speeaking to his floor trader that there are currently just over 2.5M shares shorting CXR. 
Secondly you ask why CXR? One of the biggest reasons is the small float. Subtract the company insiders, Cinven, institutional holders, funds and CXR becomes an easy target to manipulate with a few million shares in any direction.  They just set up the computer trading alogos and this the result.  They are indiscriminate, and they will pick on any target that makes them easy money.... fundamentals aside. In fact shorts have completely destroyed sound fundamental businesses in the past.
That is one professionals opinion ....take it or leave it. 

Short selling is the selling of a security that the seller does not own, or any sale that is completed by the delivery of a security borrowed by the seller. Short selling is a legitimate trading strategy. Typically, a short sale involves the sale of a security at the current price which is settled with shares lent to the short seller by a third party. The seller makes the short sale on the assumption that the price of the security will go down. If this occurs, the short seller will purchase shares to lock in a profit, extinguish the short position and replace the shares previously borrowed. Of course, if the stock rises in price, the short seller may elect to close out the position through a purchase, and absorb the resulting loss. Firms are required to report their short positions as of settlement on the 15th of each month. A compilation is published eight business days after.

https://www.nasdaq.com/quotes/short-interest.aspx#ixzz3y5g2bqTC