Concordia Healthcare Corp. T.CXR.R

RE:RE:RE:RE:RE:What the charts say

[Craigbad]

Nahhh...tomorrow is a big day. Oil inventories in the morning and fed speech in the afternoon. I'll be busy playing hod/hou and hgu/hgd. Should be some huge moves to catch whatever way the market moves. Gotta love bull/bear leveraged etfs,they make for an easy living. 

PROtrading wrote: I don't disagree Craigbad.  My trust levels on this one aren't high enough to bet against any of the big wolves controlling this thing from the inside.  The way I trade is I always look at market value and ask myself, would I buy, sell or hold.  And right now is hold.

Seems the writeoffs in August were planned and were a surprised to most.  The one thing this stock can do is surprise and I hate surprises! ;-)  LOL

But if I had to take a position, it would be bearish for the reasons you and others mention.

Another other good shorts you are tracking?   I see a couple but I'm not going to short and park, I sleep better on cash.  I want to momo-short. ;-)

Craigbad wrote: If the stock gapped up 40% it wouldn't fizz me pro. I really don't think it could because most money managers cant touch and there are probably some who have to dump before quarter end. End of quarter bias is what it is. I would have expected a bounce somewhere here, as i would in any position, but the smart money is staying away. People who covered at $15 expecting to short higher on a bounce, lost a pile of profit by ignoring facts and just playing technicals. In the end we all know where this is going to end up, its just a matter of how fast it gets there.

PROtrading wrote: Paten,  buddy, you know me,  I don't pump or bash.  I "put forward the story" the way it is.

Right now, the markets have lost all credibility in Micheal Thompson and if he gets the boot, I would not want to be shorting because momo traders like you might not do the same analysis guys like Craigbad has done.  Newbies look at market cap, more experience investors/trader look at Enterprive Value (martet-cap + debt).

But since Thompson founded CXR, I think he'll run it in the ground instead of giving it up.  The massive games will continue and common shareholders will see zip.  Cinven will do a reverse take over on pennies on the dollars.

August was the determination months for me.  A CEO that does what he did really thinks the markets are dumb as bricks....

There are big wolfs here (you call them FN crooks), problem for shareholder is if you can't trust your leader, this stock continues to be "rag doll" trading being push up and down artificially.  Not a big fan of rag doll trading unless I know what the wolf packs are doing and on CXR, at these sub $7 and sub $5 USD, I have no idea.   I'm keeping my dry powder but away, the clown tent is on fire! LOL  If the firemen show up, but I only see guys with hoses that have jet fuel coming out of them!

Don't get your weenie and mashmallows too close buddy... they're not fireproof! ;-)  LOL

patenright11 wrote: good cover pro
now load up and start pumping !!  lol