Post by
Roller007 on Jun 20, 2016 4:38pm
Amazing
Amazing control of the technicals. Made sure we close at the day low by the penny. Every time we had a small spike due to a big buyer they managed to bring the SP down, even the John zechner pop was taken care of in orderly fashion.
I said it before and will say it again, in absense of buyers the short have absolute control of SP and it's apparent. Buyers got their butts handed to them June 2nd and will not try to play the buyout card again. 12 million shares shorted is an indictation to the longs that there is a "kill shot" like my friend lattice said on the way, whether that's true or not, Cxr need to sell before this comes out.
After 12 trading days in a row we get 1.3% upside, even with Brexit looking like a long shot.
Vrx with all its issues s outperforming Cxr on a daily basis.
Now, You guys still think that Cxr doesn't need to sell?
Managemnt lost all and any control of a potentially great company, they know it and will sell.
I'm long Cxr but I'm not a bull on the company. My position is only because all the signs are telling me that they have to sell. They will 100%.
Comment by
regardless on Jun 20, 2016 4:44pm
ROLLER007.....its not that they dont need to sell...i understand both sides of the pitch ...but they will not sell at 62$ like you think.... 62usd$..sure fine i can live with that..my average here is 32$...but for a company that , if they could get it together could be back to 117$ in a year or two,...welll its worth the risk..and certainly worth the reward
Comment by
regardless on Jun 20, 2016 4:50pm
the real question is ...why are there so many shorts....why 12million out of 51million outstanding.....what kill shot are they after , especially to think that at this price of 29$, that the company could decline significantly further.....thats to me what is the most puzzling....
Comment by
Roller007 on Jun 20, 2016 5:32pm
Regardless: the most puzzling is an accounting issue, such in Vrx case. To avoid getting exposed, Cxr needs to sell before next earnings, which is the premise of my big gamble here. And it will sell at a low price. If it sells anywhere in the 50s Canadian that will be our proof that their numbers were cooked and that they needed to bail before popo hit the fan. This will happen.
Comment by
notwrong on Jun 20, 2016 6:47pm
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Comment by
puma1 on Jun 20, 2016 7:26pm
traded a lot like the Dow and other indices: open up, slide down slowly on the day and close a little above the lows. Nothing special, just the market today.
Comment by
CookieMonster on Jun 20, 2016 9:14pm
What accounting issue are you talking about. VRX had a captive specialty pharmacy that they did not account properly. Please tell me what accounting issue you are referring to, than just stating garbage.