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

TSX:CXR.R - Post Discussion

Concordia Healthcare Corp. > What the charts say
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Post by PROtrading on Sep 20, 2016 10:13am

What the charts say

Looks like sellers are exhausted. So I covered my shorts $6.99 (so yes, I bought but only to cover, not go long).

This lemon appears to be squeezed and there's only rind left.  Looks like the merry band of organized shorts tried to drive this down sub $5 USD and managed but it didn't stay there long.

Standing on the sidelines right now ready to jump in long or short on the next catalyst.  My guess is that MT is gone, this will shoot up.

I don't trust *anything* about this stock.  This is "the street" at its worst.

Retail investors, as usual, get the shaft in these "big money" games.
Comment by borrowedlife on Sep 20, 2016 10:16am
Needless to mention, you constantly bashing because you were short! Oh well.if you " don't trust" why cover? Lol 
Comment by PROtrading on Sep 20, 2016 10:25am
Hey borrowed life. Show me a single bash!  I was and still am very bearish on this stock. I just take my profits and don't get greedy.  I've always said I was short when I was and long when I was. I know it's against the scamhouse "etiquette" but hey, I prefer to be honest in everything I do. Made more money as a short than a long but shorting forces me to ...more  
Comment by borrowedlife on Sep 20, 2016 10:30am
Got the picture, your like Humpty Dumpty now, whichever side you fall, you would say " see I told you'll" 
Comment by patenright11 on Sep 20, 2016 2:01pm
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Comment by PROtrading on Sep 20, 2016 2:54pm
Paten,  buddy, you know me,  I don't pump or bash.  I "put forward the story" the way it is. Right now, the markets have lost all credibility in Micheal Thompson and if he gets the boot, I would not want to be shorting because momo traders like you might not do the same analysis guys like Craigbad has done.  Newbies look at market cap, more experience investors ...more  
Comment by Craigbad on Sep 20, 2016 3:05pm
If the stock gapped up 40% it wouldn't fizz me pro. I really don't think it could because most money managers cant touch and there are probably some who have to dump before quarter end. End of quarter bias is what it is. I would have expected a bounce somewhere here, as i would in any position, but the smart money is staying away. People who covered at $15 expecting to short higher on a ...more  
Comment by PROtrading on Sep 20, 2016 4:05pm
I don't disagree Craigbad.  My trust levels on this one aren't high enough to bet against any of the big wolves controlling this thing from the inside.  The way I trade is I always look at market value and ask myself, would I buy, sell or hold.  And right now is hold. Seems the writeoffs in August were planned and were a surprised to most.  The one thing this stock can ...more  
Comment by Craigbad on Sep 20, 2016 4:13pm
Nahhh...tomorrow is a big day. Oil inventories in the morning and fed speech in the afternoon. I'll be busy playing hod/hou and hgu/hgd. Should be some huge moves to catch whatever way the market moves. Gotta love bull/bear leveraged etfs,they make for an easy living. 
Comment by PROtrading on Sep 20, 2016 4:17pm
Thanks buddy!  So nice to see fellow retails make it in this game of slimy market sharks.
Comment by patenright11 on Sep 20, 2016 3:13pm
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Comment by LaticelnExile on Sep 20, 2016 3:18pm
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Comment by Craigbad on Sep 20, 2016 3:38pm
Why does Rbc anticipate they may draw on the revolver to pay a PORTION of the payout when they are kicking out so much free cashflow?  Hmmmmmmm...........any price decreases lately?
Comment by patenright11 on Sep 20, 2016 4:05pm
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Comment by capmorgan on Sep 20, 2016 11:45pm
And exile since you're writing 24-7 it must also be true. I already told you once , get out and get some vitamin D , it's not healthy to be sitting in your basement all day , posting stupid pictures from your friends.
Comment by LaticelnExile on Sep 20, 2016 11:47pm
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Comment by capmorgan on Sep 21, 2016 12:02am
You have 410 posts , and a member since August 20. If that's not a short and distorted agenda , I don't know what is. Only posting on 1 stock , that seems a bit shallow.
Comment by patenright11 on Sep 21, 2016 12:06am
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Comment by patenright11 on Sep 21, 2016 12:07am
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Comment by fundtrader on Sep 21, 2016 12:22am
lettuce created this account to work for her handler to create a shorting frenzy and mess with the minds of some of the weak long shareholders who cant stomach huge downward moves and volatility. I have a theory that she might be working for the takeover candidate to get cxr as cheaply as possible. The auction process started in may. Last bids were in june .. share price then jumped to 40 us $ on ...more  
Comment by Lumberfeverlong on Sep 21, 2016 8:02am
I expect an announcement this week. It should have been last week. I think things got delayed and that is why Thompson cancelled the BNN interview. We either get very positive news or the company announces it is going it alone. If the latter, that will be a decision the company made based on the best long term interest of shareholders. Have faith people, this ship is not sinking. If no deal is ...more  
Comment by Register123 on Sep 21, 2016 1:44pm
Personally, I'm skeptical that Apollo or another company will buy out CXR shareholders.....I think CXR's management could have cut a decent deal before Brexit, but the wheels seem to have fallen off this car since then: Brexit, , asset writedowns, revised guidance, the introduction of proposed UK generic drug price legislation, etc. etc. etc......Blackstone and Carlyle allegedly ...more  
Comment by InsiderTrader on Sep 21, 2016 8:38am
funtrader,  Look dude,  its one think to be bullish but the stock has been on a steady downward trend, averaging 2-4% down every day.   We have had 3 green days in the last month. When I first came on this bull board, I had insider information from a GF who worked at Greenhill and that some PE firms were looking at their assets.  Your comments that tpg and apollo group are ...more  
Comment by Lumberfeverlong on Sep 21, 2016 8:57am
I agree with Insider.  Where does your TPG hunch come from fundtrader?  They certainly fit the profile of a PE firm who would look at this, but what makes you think they are.  In fundtrader;'s defence, a lot could change in 4 weeks.  Although there might have been one opportunity the board was considering 4 weeks ago, another white horse could have emerged.  That would ...more  
Comment by Canuk67 on Sep 21, 2016 9:17am
I too have a gf at green hill  she must get around lol but her insider information was da bomb
Comment by LuckyLuke1 on Sep 21, 2016 9:35am
Recognia detected on 2016/09/21 a Y formation.
Comment by MirrorWorldMan on Sep 21, 2016 10:11am
Stock triangle formations and other analytics mean little in a heavily shorted manipulated pharma stock with low to medium OS and small to medium MC.  This is not organic trading pattern. Time to Invest and hold IMHO. 
Comment by PROtrading on Sep 22, 2016 9:18am
And Recognia can't detect crooks working on the inside who don't follow the rules.
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