Concordia Healthcare Corp. T.CXR.R

The little known hedge fund tries again

[bullchart]

This time it was DH (financial sector) but that did not work out as well for them as Vxr. The second large Canadian company these US hedge fund took after. +25% on Monday as 3,000,000+ shares traded down from $39.40 to $29.15 on Tuesday. Most of that has been recovered. Must think they can get away with it with Canadian companies as a search light would be on them if they tried to do this to some US company.

Totally different than the pharmaceutical sector but can give us a little window into trading patterns and if these guys try it on another Canadian company might be worth a little ride.

[bullchart]

That should read -25% on Monday

[Scruggstyle]

Too funny.  I have been a buy 'n hold, growthy dividend seeker.  Recently started trading Concordia, until I realized that we were in the middle of a short attack.  I had been noticing some peristant selling at below the bid price, which had me scratching my head.  Anyways, I made a decision to go long and picked up 5,000 shares between $30 and $35.  I ran myself out

[TechTarget]

Wow!  OK, changing my investment stype to "short attack & bottom fishing"! I actually see a few sectors, as wholes, under this type of attack....

[borrowedlife]

@bullchart, I missed out on the Dh down trend, today it stood strong with little to no give, but strangely didn't go up a lot. I hope Cxr is taking a breather before it runs up, I missed Vrx by a few seconds today at the bottom :-( it never looked back :-(.