Concordia Healthcare Corp. T.CXR.R

The bulls are on the offensive

[PROtrading]

I love bullboard dynamics.  For a student of the market and a bullboard pro that has been "here' for decades, I just love it.

The biggest bad bear has been "taken out" by the bulls.   But, if we all agree on something, it's these bullboards have little or no impact on the stock price.  What matters are technicals and fundamentals.

This stock has likely reached capitulation.  Nobody is buying or selling and the US shorts are likely thinking about taking some profits here.  I would.

1. A new Director has joined who has a good pharma pedigree and connections.

2. Goldman was the sole "bookrunner" on the notes and Goldman was the #1 buyer yesterday

3. The bulls are on the offensive.

4. The bears have buried this so deep with negativity that the mount of poops is sufficating shareholders and company.

I don't know.  I'm in the middle here with a biased bull.  I'm seeing some TA traders here I'm familiar with and I don't want to be on the opposite side of their trades....

I really, really hope for the poor longs here that the company does something!!!!  Unless they want the bears to return strong?

[Craigbad]

The bulls deserve a break. It would be nice to see some insider buys to get some trapped traders out, but if they don't buy soon the future looks pretty bleak. If they go into earnings blackout without purchasing its hard to say what the market will do, but i could take an educated guess! Lol

[PROtrading]

If insiders don't start buying pretty soon, they will in fact miss a great window of opportunity and I'm going to back back short and the bear in me will go NUTS   !!!!! ;-)    I've already been told by "someome" I'm crazy so I feel obligated to meet expectations! ;-) Is this the magic date? Nov 10, 2016 Q3 2016 Concordia International Corp

[Craigbad]

3 days before and after. They should have been buying like mad the minute the strategic review was over. Maybe they're waiting for clarity on the UK bill next week?

[PROtrading]

That would make sense!  Giving some time after the blackout is better on the "optics" of this fiasco.  But if they want to truly give the message they are confident about the future prospects, insider buying is THE single most important thing they can start doing. It would be interesting to see the market reaction to any insider buying here.  Why wouldn't they want