Concordia Healthcare Corp. T.CXR.R

shaping up

[JustforFun7]

looks like the big move will be reservesd for earnings release. whether up or down (from an increased  short campaign). 

we're trapped by the shorts  till then in a pretty narrow trading range. 

JFF7

[JustforFun7]

hmm the cap just came off. lets see if they try to put another cork in the bottle. not coincidently VRX just hit the high for the day. JFF7

[bullchart]

Yes, spot on. If we see VRX run into the 15 $16 area before the close, I would not want to have any forward stop sells very close to that $41 area. Being able to hold into this uptrend on a Friday afternoon, supports a nice move into the close. Watching the volume today, pretty low so far.

[JustforFun7]

actually looking at the VRX intrady chart...it's a nice one...CXR being pulled up by VRX is not such a bad thing. Like getting a tow when you are stuck in the mud.  JFF7

[Marcel7]

It really seems as if the shorts are intent on holding this at no higher than $40.00-$40.10 Canadian. They are willing to sell to anyone buying at this level. So unless we really see some higher buying volume and pressure, or they give up on that target, I think we don't see it past that threshold today. Overall however, if makes me pretty confident in the stock. The only thing holding it

[adamchess]

I am willing to hold a few years for the price to hit $400 CAD. Better than even producing gold or pumping oil at recovered prices. GLTA longs

[healthstock1234]

for oil you have to wait 3 years. With CXR we can see $100 in some months,$200 in one year and half...

[ruben12345]

why would shorts wait till earnings release? We know its going to be prettig good. That Will squeeze them

[Marcel7]

Not necessarily. Sometimes shorts will wait until a high volume day, such as after earnings, to make their attack. On a high volume day they can close out their position much faster. With all eyes are on the stock and any news or reaction to earnings they can distort quickly too, and the price may react before people have time to digest or research their info. That said, it may not play out like

[Craigbad]

a tactic they will use is to establish a short position and then short heavily into a news release, making good news look bad in hopes of changing investor sentiment. If they are successful, people will just want out of the trade and propel selling to the downside.

[peter75]

Ego not trust or believe anything Craigbad says he jumps from board to board  he is a day shorter do not trust or believe him

[Craigbad]

Kind of like you telling people in msl to back up the truck at $3.00 and i said it would collapse well below $2. We all know what happened there Pete. I only care about making money and like to get as much information as possible from both sides. Marcels posts and great work is telling us something is lining up with the shorts and i think its important to pay attention.

[humbledude]

ppl trade on chart and pattern, if chart tells them 40 is top to sell right now, they sell, no science behind it, and certainly not plotting to short to $25. The past 3 days short was recovered immediately and each low was higher than the one before.

[Marcel7]

What makes you think that the past 3 days short was recovered immediately? Every dip in the price does not indicate short sellers, if anything when building a position they tend to sell as high as possible. It appears to me that someone is building a short position in this stock in the high $39 to low $40 range. It looks like they are trying to keep it in a tight range while shorting the least

[Craigbad]

Just look at what happened when this all started. After the acquisition the stock popped and then was brutally attacked causing a landslide downward spiral. By the looks of it they are hoping to do the same thing again if they are happy to short unlimited shares at $40. If they can drive the stock below $30 they will have a tidy 25% profit in record time. You have to look no further than phm to

[Marcel7]

If that is in fact their plan it is a very dangerous game at the moment for two reasons. 1. It is completely possible that you may have an entity or group that can see very clearly what they are doing and is sopping up all the shares that they are willing to sell. They could very well buy on good earnings and force the shorts to cover at every higher prices. Just as with a short position to be

[Craigbad]

I think you'd be crazy to short this due to the low forward pe ratio and i think fund money will logically come here as a choice for canadian healthcare exposure due to trust issues with valeant. That being said, i'm willing to take whatever gifts the market is willing to give. I wouldn't sell into a short attack, but i'll certainly have lots of cash available to buy if it happens!