RE:RE:RE:Extreme Capitulation is donederikli: You have CONFIDENCE in management? They tanked the stock 80% over the last 10 months and you have CONFIDENCE? WHY? You should read that article written by Value Walk that a poster TOMMY1 put on this board earlier today (And he was one of the STRONGEST BULLS on this BOARD who relentlessly attacked Lattice with every post). Everyone here mostly wants to strangle management. Are you saying the shorts will lose their heart? Think again. I actually am starting to believe now (and didn't before) they they are taking this down to zero. READ TOMMY"S POST AND ARTICLE HE PUT UP THIS MORNING !!!!
derekli wrote: I like confidence of the managment! If they say they are not good, shorts will catch it and said:see, they lose their heart. they are down" but I think they still have some card on their hands
PANAGONINVEST wrote: I believe that extreme capitulation is still an ongoing process and Friday was just the first day of this process.
It is clear that The Market has lost confidence in current Management which is still in charge. The same Management that just a few days before Friday's debacle said "We remain highly confident in our business prospects going forward," said Concordia Chairman and CEO Mark Thompson. "We have a strong team across the world who help provide patients with important medicines. The team is supported by durable company fundamentals; Concordia has no liquidity or debt issues, a strong free cash profile, and sales channels in more than 100 countries. We remain optimistic about our long-term future."
The CFO has unexpectedly left the comnpany. This is a big red flag to me.
Last Short Position report showed that around 30% of the float was shorted. Let's see in the next report what is the short position after the last events.
Earnings have been slashed and Debt to Earnings projections have increased. It could get even worse pending resolution on Donnatal.
The bottom is only known after the fact. If you want to gamble by trying to guess the bottom it is your money. Do your own Due Dilligence and Good luck!