RE:Lots of negativity on the forum today....It did not have higher earnings last quarter. It has a actual
loss of $11.67 per share. Not sure what numbers you were looking at. Even the "adjusted EPS" tanked from Q3. The average price target is 1.56, so your price target is whacked. Shorts are betting that this goes to a pre-pack and when a stock is down consistently 2 to 3 5 per day it makes an excellent short so not sure why you are advising shorts to move on to a gold or bank stock. The volatility just gives shorts an opportunity to get out delivery and they just short more and make more dough !!!
Sounds like you are think you are an expert on short selling from the sounds of your post. LOL.
suitman87 wrote: -i was surprised this morning, to see so much negativity on the forum today. Where is this coming from? i asked this question to another person saying this company is going to fail and they didn't answer me. why do u own this sock if you say that it is so volitile and will ultimately fail? if you're gonna short sell why not move on to something you would think is more stable like gold stock or bank stock. The kinds of people who should own this investment need to be strong and willing to take the his we have for the past few weeks. And with patience things will ultimately pay off, it could be a year until things cool down but its better to wait for this investment to mature and expand than to panic and take an above 10% loss on the initial investment.
The UK law and possible fines seem to be a major concern for shareholders and for good reason, but the fact that this is the only thing that stands in the way of growth for the company is a good sign. It had higher earnings last quarter and is poised for even higher earnings this quarter following the trend and the higher number of product offerings it has. Notice how finally the aquisitions are finally begining to pay off? i doubt concordia will hit its former $100 price target anytime soon, but a $25-30 price target is not far from possible sometime soon relative to to the company's equity. Just my two cents, you are all panicking like little girls in a spider pit. Investor who make massive gains, have to be willing to go throughs stressful and somtimes heartaching times. I can imagine many investors in the Disney corprations were saying the same things you all are and those who bought more and held on, were rich by the late 80s and 90s. The company had major financial problems, had alot of assets and potention especially relative to other media companies in that industry (like concordia) and things paid, off. Hang in there and it will pay off. Short selling in general is a dangerous and they are usually the first to get burned in a crash, or even cash in ( they often sell before massive gains are made)