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Concordia Healthcare Corp. T.CXR.R



TSX:CXR.R - Post by User

Post by fundtraderon Sep 22, 2016 12:14am
359 Views
Post# 25264031

big deal down 80c or 60 c on the us side...

big deal down 80c or 60 c on the us side...Not like it has dropped the way it did in august from 24 to 12 $...you lost 80 c per share...no reason why this should be the final straw to break their backs.. Unfortunately i had my buying done earlier in the day at 6.50 $ and could not support the selling.. But all indications are that someone was force to liquidate quickly as it broke the $5.00 margin threshold.. Fund traders in my circle truly believe this is way way over done.. The pharma deals that are happening right now for 1000 % upsides, this company that has a proven revenue stream of 500 million ebidita is trading at 0.5 % ebidita...even cheaper today after meltdown...yes it can still go down but at these levels anybody that is selling is purely doing cause of margin calls..There is a silver lining beyond these dark clouds and we should hopefully see that shortly. The strategic Review will result in a transaction and at current levels the probability of that happening had increased 10 fold. The board should do something about this and quickly. The least they can do is put a new ceo but they might be looking at a takeover and so no need to change MT. Close your computer and go to sleep..tomorrow is another day..might go down or rebound..what difference does it make. As long as you dont sell..all loses are paper..and could recover as quickly as they went down..
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