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Bullboard - Stock Discussion Forum Concordia Healthcare Corp. T.CXR.R

TSX:CXR.R - Post Discussion

Concordia Healthcare Corp. > I just want to say that MT is scum
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Post by Dasani20 on Aug 13, 2016 9:23am

I just want to say that MT is scum

I lost over 60% of my potfolio because of this company.  I am 24 and I've worked years to save the money I lost yesterday.  I have no one to blame but myself.  I haven't sold yet and I probably won't. At this point, I am willing to go down with the company hoping that Apollo acquires it;  you don't have to tell me its unlikely - I am aware. The company is now the target of numerous investigations. I doubt anyone wants to touch it iwht a 10 foot pole.
Comment by Shortalot on Aug 13, 2016 10:00am
I am sorry to hear that. The good news is that you are only 24 and you have time to recover. I am 60 and so in my case I would be totally screwed. I have some advice for you but keep in mind I am not an expert. Never enter a position full throttle, buy them a little at a time and only on the way up. Don't be afraid to take profits, especially in this market and most of all ...more  
Comment by oexel on Aug 13, 2016 4:31pm
I dont know if this is any consolation but you're not alone.  I'm a pretty seasoned investor and I got caught with my pants down on this.  I started buying in the low 30s, and hedging my position by selling the call options.  All of a sudden the options premiums disapeared and like I fool I kept holding on. I read the press release before market open yesterday, got ...more  
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