RE:RE:RE:Time to Look at Concordia International (T.CXR)RBC Markets just downgraded tthis stock to $1 worse case scenario and $10 best case scenario. Down from $14 which had been upgrade to help prop the stock up for insider selling? I don't know but the timing on those upgrades look odd?
The justifications for each were weak and out of touch with the real issues here. Craigbad, I prefer your upside scenario. That's for filling in Latice shoes as resident bear!
From my read of things, it looks like all eyes will be on Photofrin but it doesn't appear anyone takes that too seriously because the market is small and use is questionable?
I really feel for longs here. Unfortunately don't be surprised if gets worst before it gets better.. If you have stop loses set, take them off if you want to keep your stock. I expect a big flush. Investors, if you held on this much, wait for mid mouth with new CEO. Take your stop loses off now.
Traders will be all over these boards here, on twitter, stocktwits etc trying to brag who caught the absolute bottom. They like to brag and out do each other.
I'm a bystander right now who knows when to cut his loses.
I don't think this stock will reach bottom until the "old new" Chairman is gone? And until all the assets have to be repriced and layed out to shareholders. Where are the real assets here? How much are they worth?