Concordia Healthcare Corp. T.CXR.R

SHORTS avg/doubling down?

[curiousbuild]

short interest increased by 3M prior earning release. stock is up about 40% since then.. not pretty picture for new 3M short bet.. I am guessing they are still shorting somehow.. today was a weird day overall.. let's see if we can break that 42 level. . wonder what short interest is on TSX for first half of May.. https://www.nasdaq.com/symbol/cxrx/short-interest https://www.nasdaq.com/symbol/cxrx/ownership-summary about 10M shares held by five institutions.. KKR top holder CB

[Roller007]

Curious:  not weird trading at all. Most are just waiting this out, some like me are just waiting for the axe to fall, and others like the shorts are playing with their own shares.  Judgement day is very near.   

[curiousbuild]

I meant overall TSX, sorry for confusion.. I guess Tsx was just catching up yesterday.. I think MT and Bod should disclose whatever the offers are.. Look at Monsanto after rejecting Bayer's low ball offer.. price went up even higher today.. MT will be forced to take action if stock price drags around here next few months.. Funds can't handle this poor performance in their portfolio after

[relaxxxxxxo66]

I am very bullish in CXR and was  watching BNN today when the question came up about CXR, and the question was IF CXR IS SUCH A GREAT COMPANY WITH A FUTURE WHY IS IT UP FOR SALE? ARE THEY HIDING SOMETHING FROM US WAS THE NEXT QUESTION? CAN ANYBODY ANSWER THIS?

[OscarTheGrouch]

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[ohwhatanight]

I really don't believe that CXR is up for sale.  I think they have been approached by PE firms who are putting pressure on them to add value or they will do that for them.  I think youll see new board members after next quarter that may be reprentative for KKR.  The special comittee was formed to protect shareholders from getting picked off at these stupid levels.    

[fdfd12]

That is what I said yesterday. The title of my post is STUPID. Meaning the guy on BNN is STUPID for mis informing us with flase info.

[notwrong]

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[Roller007]

Ohwhatanight:  you are right in that Cxr is not for sale, that's because it's already sold. Pay attention to everything from options to SP to volume to etc......  The trick in making money in the markets is being smart enough to come up with a thesis based in all the facts.  Nothing will be handed to you on a silver platter. No no no way Cxr sees another quarter as a public

[sunshine7]

add to that any TSX shorts and days to cover listed at 17 days which, in light of the tight ownership, is a vast understatement. This is after takeover rumours and subsequent managed washout. Gee, I wonder who 'leaked' that? Now wondering if it was an opportunity for the final rinse. This is an enormous number of shorts considering good financials and threat of buyout. Good recovery since

[sunshine7]

on the TSX for the 1st 2 weeks of May, 22% of the trades were short sales. Average short trade was 178 shares. That's 17,537 trades in 2 weeks. This is not some trader sitting at their desk. This is algo trading. Come on Mark T, stick it to them!

[PROtrading]

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[sunshine7]

I hear ya. But only gets scalped if you sell into the dips. CXR has a bright future IMO and its time will come.