RE:RE:RE:RE:Consolidation in charts might indicate spikeIts kinda crazy there hasn't been any insider buys posted yet with the strategic review over. If they even bought back a fraction of what they sold it would help out longs in the short term, although it doesn't change the fundamentals. Even 200,000 shares might get you a bit of a rally.
MustardTiger88 wrote: Nah, not short, but also not market savvy enough to do anything other than hope you're right about this reversal so I can make back a bit of my loss.
PROtrading wrote: Mustard, you're shorting now?
I trade like I'm flying a fighter jet filled with instrument and widgets.
TA and key fundamentals are key instruments! Watching the trades, who buys and sells, which systems are being used (today 54% TSX, 18% Alpha & 13% Chi-X) for CXR transactions etc etc. are inputs I value. I used "bullboard tools" and contra indicators but clowns on this "platform" are of limited use to me. I can count good traders on one hand!
But flying the Concordia landscape is tough, lots of fog and the CEO can't be trusted because he's a market pro himself (look at his Linked In profile). It's pretty obvious he's been working against shareholders.
Right now, my instruments are acting in a way where I would not be surprised one bit to see a spike or reversal. Another spike is easier to see. Reversal would require "force majeure" and given "the play" here, well that's not impossible either!
MustardTiger88 wrote: Pro, you know this stock doesn't follow fundamentals or technicals. Might as well just stay short since this stock is so easy to predict. I'm going to predict it opens down tomorrow and closes even lower...again.
PROtrading wrote:
We might get a spike here in the coming few trading sessions..
Got I wish this wasn't such a tricky play. I'd normally go long here based on the chart patterns....