Concordia Healthcare Corp. T.CXR.R

When to buy CXR from a technical analyst

[fdfd12]

It is $13 CAN right now. This will drop a few more dollars on Monday and perhaps up $1 on Tuesday as another poster wrote yesterday. I totally agree with this.

In the long run, it, unfortunately looks like CXR will be75%  bankrupt.

The only way to play this $13 stock is wait for $20.
If it hits $20, then it is cleared of bankruptcy.

Once this thing pays off its debt, it can go well over $100.
The debt is a problem, the BIGGEST problem.

Lattice agrees on that also.

Wait for $20 and don't jump the gun if you have a $2 up day to $15.
This is only a dead cat bounce.
You probably won't see $20 until the month of November (if we see it at all).

Please friends, this is a ticking time bomb and be careful.
We are here to help each other.

WAIT for $20, until then don't buy.

If 5 years from now, if it is $150, it doesn't matter if you bought at $13 or $20.
$20 is the signal that it will not go to $0.

[PANAGONINVEST]

Hey fdfd12, interesting thoutghts. Thanks. Why $20? Why not $18 or $22 or $25, etc.? What about if reaching $20 is just short covering wanting to get out before things get worse and volume dries out making it difficult to cover a a later moment?

[fdfd12]

$20 because the first digit begins with two (2), It is a physcological barrier that has been broken which is the teens as in 19. If this stock can go from $13 to $20 (50%), then the damage is behind it. It is a sign that things are better now. $18 or $22 is OK too. I am using a new digit in 2 as in 20 dollars.

[Leoc378]

Thank you fdfd for your post, very insightful and useful going forward. one thing I would like to ask, is the 75% bankrupt long term is based on their debt. Thanks again.

[fdfd12]

Yes yes what they are earning is not enough to pay their debt.

[Marky1]

Thank you for the heads up! I'll wait for $20 then! GLTA

[frankbanker]

Can you give us the lotto numbers too Nostradamus? Lol

[fdfd12]

People said the same thing when I said sell below 25.  Signed Nosradmus