RE:RE:RE:RE:Re: Where are the bashers.Guys, there's no volume on this stock. Big money is on the sidelines.
So short term, expect it to be played to discourage investors. Pro bashers here want you guys to give up. If you are a true investor and have shaky bullboard skills put the bashers on ignore, they will get to your brain. They are pro manipulators both socially here and on the exchanges with the brokerage tools they have access to.
If you don't understand the market games, you are at a disadvantage. Outmatched and outwitted. The only thing you can do is hold and review the fundamentals. These crews work the bullboards just like another stock market manipulation tool and the regulators we have are a little out of touch with the modern world. That's an advantage if you know the game but disheartning if you don't.
I'm 100% retail and I understand the world you come from. I was a buy and hold until I figured out the system and now I'm pro retail and pro trading. I'm on the board for entertainment. Love these freaking clown shows! I mostly attend as a spectator with rotten tomatoes for the clowns and popcorn for myself and my mates (that mostly watch the action on these shows but often follow me on the trades). They do more of the fundamentals. I do the TA and bullboarding.
The fact is CXRX is being played with big time.
But the short sellers have painted themselves in a corner and the more they short, the smaller the corner. This attack is sector wide. Not specific to Concordia. Concordia was just a bloated victim that took on a large acquisition. Like a snake that swallowed a big prey, it's stuck not moving fast but not going anywhere while it digests.
Short interest on CXRX stands at 19% as of last report end of April. That's HUGE!!! Take a look at last years most shorted Canadian company in the NYSE, TCK, HUGE rebound from its lows. 5X bagger+. CXR has the same dynamics. Solid, cash flowing and a beautifully orchestrated short attack combined with a bash attack here on the boards.
But don't get scared by the midgets! The 7M shares they have borrowed from unsuspecting shareholders have to be purchased! These are guaranteed buyers! Better than contrarian traders (like me) or momentum/momo traders like we saw pile in at the spike. Traders like me are good to have and we're just very active investors. I don't even short or play options these days, these short attacked stocks are way too profitable and safer.
I frankly don't get these shorties because I understand shorting a stock where the momentum has been broken but shorting a stock at the lows is as stupid as the guys who buy overbought stocks and have fallen in love. These shorties have fallen in love with the short position! Hillarious! Or they are paid by take over teams which makes it pure and simple stock market manipulation. Over time crooks get greedy and that when law enforcement just shows up. Well, they just don't "just" show up. Investigations take months because they need iron clad proof for prosecutors and courts.
Now, for CXR/CXRX, we just need a catalyst. Until that catalyst happens *expect* downtrending on low volume. How low? We're at or very near the lows. The shorties probably want to take out stop loses at sub $30 so if you have them, they'll steal your shares and by the time you realize it, it will be too late. We have a solid floor between $25-$30 here so if we aren't at the bottom, we are close.
Best thing you can do if you are a shareholder is place a sell order at $100. Not a "stop loss sell order" a true "sell order" with a limit of $100. Call your discount brokerage if you need help. Guys are generally useless on the other side but they should be able to help you with that simple type of order. The more shares you have, the more important it is to do this.
It won't get filled but it forces the shorters to hand over those shares so the rightful owner can have them back to place them on the ask.
The *only* negative thing I have about Concordia is my cash is busy elsewhere on better plays, otherwise, I'd be following this one like a hawk to find the absolute bottom as I did last fall! ;-) LOL
Hang tight and HOLD (or buy/average down if you are confident on the fundamentals). Don't get scared of short midget clowns. They sound scary but they aren't .... unless you sell into their hands!
Craigbad wrote: Either the stock is being held down or no one wants to pay more than $30 for it. If it is being held down by shorts, its likely they want to keep it aroung the $30 level until earnings so they can attack the stock and break support to toally kill sentiment and cause a capitulation sell off. Its a total coin toss at this point. The only other option is people are front running the quarter in script info.
fdfd12 wrote:
NOT NEGATIVE and don't swear.
1) is positive
2) is negative
It was 50-50
Read properly before you judge.
All you guys want to hear is CXR is GOING TO THE MOON.
That is whay you guys don't like me or Lattice.
I am long but a realist.
Hoping this thing gets SOLD before we find out if it is 1 or 2