Concordia Healthcare Corp. T.CXR.R

Keep an eye on that that 50 day average

[bullchart]

As in dec 7-8 hits the 50 day and bounces off. 58.75  to 49.20 so far.. 50 day is 48.87 so close enough for me to add 1k at 49.50. Thinking may get a  bottom firming up Monday but I expect the 50 day to hold as we trend up. Another 10.00 gift from the mm's

[sunshine7]

I was about to post the same thoughts. It is called a wall of worry for a reason. I will be putting a sale order in at $90 to prevent short sellers from using. Maybe a bit late but advised to all to reduce the SS pool available.

[slightfan1]

Kyle Bass just on CNBC just before 1 pm. His take? Major Asia credit crunch; not as bad as 2008; U.S. stocks will not got up; markets down by year end 10-20%; hard for most stocks to resist that pull. get his interview later on CNBC.COM not a pretty picture. Given all that, we will be extreme oversold early part of next week. We should rally but if not, then it is a strong "tell" as to

[ruben12345]

Strong "tell"?

[notwrong]

This post has been removed in accordance with Community Policy

[DeltaVega]

It seems NutJob shows up here only when SP goes down. Nutty? Eh?

[slightfan1]

as in the market is in more serious shape than we thought. Not necessarily CXR

[ogieboogeyman]

obvious to most maybe but myself I find it interesting if you look at todays trade graph of CXR/VRX/CRH/NHC that they all have the same shape...their dips and jumps match. I realize that they are all from the same sector but,,, BOO

[adamchess]

Guessing this primarily caused by big time computer trading on the US side, as fdfd12 has previously explained are trading stocks regardless of their individual stories. 

[ogieboogeyman]

I certainly hope their computers crash then but I also noticed that the venture was one of the few green markets friday....the zombie apocalypse is coming....just joking...no bashing here:) BOO

[sunshine7]

Actually just a minor breach of the 20dma and not surprising considering general market sentiment. Any stock riding the top of a 50 or 20dma during a bear market is a positive indicator for when market sentiment reverses which should happen next week.