RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Scotia set CXR target price US$75 and rated outperformanceCalvinSin, I totally get that. But perhaps you missed an analyst on BNN this week who said that Concordia "took a Ferrari and turned it into a Hyundai" with the AMCo a acquition. This is not the same company you originally invested in. The story has changed and many are questioning the story in today's reality. Whatever your position, I agree with Gros: If you are a trader ignore the big picture. If you are a an investor, ignore the noise. But noone should ever misk more than u can lose or have 90% of their portfolio in one very risky, high-beta stock.
And I concur with fdfd, that the news follows price, not the other way around. Don't get this twisted. (I learned this the hard way when Valeant began falling from its glory days - even before the mention of Citron the price knew the story.) Even winners can get taken behind the woodshed. Noone cares about the EPS and the other various valuation metrics that are spewed on this board. Its about the story, and either you believe or you don't.
cavinsin wrote: Grox, I disagree, if you have 100 shares I would not look at it until I retire, but if you lose new Ferrari in two days, of course you would like to know, minute by minute, what a heck is going on with the stock you own, glad I still sleep good, and so convince that I am on the right side of the trade. Just the matter of time, many Ferraris will be coming my way, daily.