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Concordia Healthcare Corp. > Consolidation in charts might indicate spike

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Post by PROtrading on Oct 19, 2016 3:57pm

Consolidation in charts might indicate spike

We might get a spike here in the coming few trading sessions..

Got I wish this wasn't such a tricky play. I'd normally go long here based on the chart patterns....

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Comment by MustardTiger88 on Oct 19, 2016 4:00pm

Pro, you know this stock doesn't follow fundamentals or technicals. Might as well just stay short since this stock is so easy to predict. I'm going to predict it opens down tomorrow and closes even lower...again.

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Comment by PROtrading on Oct 19, 2016 5:34pm

Mustard, you're shorting now? I trade like I'm flying a fighter jet filled with instrument and widgets. TA and key fundamentals are key instruments! Watching the trades, who buys and sells, which systems are being used (today 54% TSX, 18% Alpha & 13% Chi-X) for CXR transactions etc etc. are inputs I value. I used "bullboard tools" and contra indicators but clowns on ...more

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Comment by MustardTiger88 on Oct 19, 2016 5:39pm

Nah, not short, but also not market savvy enough to do anything other than hope you're right about this reversal so I can make back a bit of my loss.

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Comment by Craigbad on Oct 19, 2016 5:48pm

Its kinda crazy there hasn't been any insider buys posted yet with the strategic review over. If they even bought back a fraction of what they sold it would help out longs in the short term, although it doesn't change the fundamentals. Even 200,000 shares might get you a bit of a rally.

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Comment by BaytexBull on Oct 19, 2016 6:19pm

Can someone check if the new CFO has bought shares? Or the DIrector they just announced?

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Comment by PROtrading on Oct 19, 2016 6:24pm

Nothing reported yet! That will be the the start of the real reversal. Right now, we just have the bookrunner buying with no explanation.... All speculative. Insider transaction detail - Select issuer Transactions sorted by : Insider Issuer name : Concordia ( Starts with ) Filing date range : October 13, 2016 - October 19 ...more

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Comment by lnvestor198 on Oct 19, 2016 6:35pm

PRO, Its not GOLDMAN the Investor Banker that is buying. It is Goldman the brokerage, on behalf of their brokerage clients. Don't read too much into it!

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Comment by PROtrading on Oct 19, 2016 7:08pm

Well, as I've been saying, the Notes holders (and Cinven) decide whether this company sinks or swims. Up to now, there was nothing positive on the horizon on this stormy sea. But I see a glimer of light! Is it land or is it a torpedo? I don't know but I didn't want to stay short seeing that! Let's see what the charts say and whether any real bears ...more

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Concordia Healthcare Corp.