RE:RE:RE:RE:RE:RE:RE:Can you educate me on bondsSame volume with the other two pumps recently. And it was a total retracement back and lower still. I have had limited success trading it and I am still down overall a huge amount. Watch it closely, and I hope you end up making money because a lot of people have lost a bundle because of buy out stories that were pumped on this board until they finally said the buyers left the table, they couldn't sell equity to PE (probably it was Cinven (not Apollo) in lieu of their earn out payment). And those were in the days that things looked a lot better on the balance sheet and their drug portfolio. But like another person said, things never gostraight down but I too believe that this company is beyond the day of seeing anything much more.
CXRX closed at $2.82 on Friday and maybe some shorts covered and took their profits, maybe some piled on again but one think for certain is that the company has a very hard path before them. A lot of people were waiting for q3 results and they were terrible. Beyond terrible. It is beyond distressed and private equity are brutal negotiators and no way are you going to get the kind of premium that you suggested when they know they can wait it out a few months and bid pennies on the dollar. That is how "pirate" equity works. And you should be educated to that point to even suggest that kind of premium. It just isn't going to happen with the assets that they have.
So good luck with hearing the news you want to hear on Monday. Just don't mislead people here saying a deal is in the works because a lot of people have lost a lot of money believing rumours on this stock. And we should really be here to help each other and not con them. Thats all I have to say tonight. Over and out.
truestar2 wrote: No question I don't know this stock as well as many of you. I first looked when someone whispered in my ear at 40 - watched it go to 100+ and listened to all the hype - glad I didn't jump in as this stock has caused a lot of grief, however could this go to 5 or 7 or 10? Wouldn't that be as good as 40 - 100. The key is getting in and out if it truly is worthless - to move 25 MM shares up in 3 days there are few other people think there is money to be made