Concordia Healthcare Corp. T.CXR.R

Doom and Gloom

[bullchart]

All eyes will be on tomorrow morning. Expect good volitility. Posted Friday early AM Those spelling doom and gloom Fundamentally this looks bad but I am expecting this to recover at least back to 23-24 dollars. Do we forget VXR? Loss of 336.9 million Q4 and drops from 93.40 to 44.12 (55%) on 4 million shares and finally bottomed 3 days later at 32.35 trading 5.9 million the day before. Less than a month the shares were 55% higher. CXR takes a 570 million Q2 hit , ends up at a 12.45 low on 5.5 million shares and down from 22.15 day before high or down 40%. Until the real low is found Mon or Tues, I expect 15% high low spreads which equal $$$ for traders. Caution though. CXR traded 5.5 million last Oct 21 after a 790 million note offering and then ran back up 50% in 3 days. Interesting we get this same 5.5 million shares trading. We will soon know if that 5.5 million traded was shorts covering as they did last Oct. For sure those playing puts or shorting since Jan have made big bucks. CXR had a low of 6.50 on it's open Dec 27, 2013. Because CXR did not recover the gap Sept 25, I would not be too sure it does not recover this one at this level. For sure, come Monday the Sharks will be very active manipulating the bids and offers.

[select1011]

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[PANAGONINVEST]

Concordia volume traded last Friday: 11,078,542 on NASDAQ 5,589,830 on TSX 625.870 on Alpha Total volume traded on Friday: 17,294,242 Let's see when the next shor positin report comes out how much of this volume was short covering.

[select1011]

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[LatticelnExile]

This post has been removed in accordance with Community Policy

[fdfd12]

Unfortunately, I agree with Lattice. This stock will start moving up once their is something positive to report. THERE IS NOTHING positive NOW!! This will go to about $9-$11 and stay there until the next report in mid Nov. PS: the CEO and CFO were shocked at the competition and how quickly it came in after their market share. This can continue and we will have $0. Guys PLEASE wait for $20

[bullchart]

The bounce today could be as high as 15.96-16.65 should this Fri low hold. However, expecting another lower low today of up to 10%. Keep in mind those that too a loss will not be able to rebuy for 30 days if they want to have a capital loss. So we will see what new interest we have and those that are still averaging down and not affecting a capital loss until selling all or some.  The news

[Rodentrunner]

A bounce today?? are u fkin kiddin us?? lol the only bouncing going on with CXR will be the head of the CEO !! nobody touching this thing with a `100ft pole and if they do then its brain dead city but good luck with that..lol

[Goldleaf420]

 Make sense, it will stay in high teens this week unless some newsbreak out.  

[greenpasture]

Rodent runner, I think Bull made that quite clear."should the low of Friday hold"... "could be as high as ...." " expecting anotherow up to 10%". Read all the post before you jump on someone. You might be more creditable.