Post by
PROtrading on Apr 06, 2017 11:38am
The turkey isn't cooked yet
But you know, it's getting really close. Here are some of the reason I took a small position here. My previous position was short which I would have held until now! LOL
1. The corporate bonds are still not in default.
2. The next payment date is April 15th and the interest rate is 7%
3. I'm really a contrarian at heart. I've made a lot of money but also lost money so on these really smelly stocks like Concordia, my positions are tiny until I see something really positive.
4. The "games" being played on this stock is massive. For example, the big 95% run in November was done just before the Nov 14th Moody's downgrade. Coincidence?
I think the pirates on this are standing by to claim the goods while flushing everyone down the toilet and we know that shareholders are the first to go. It's going to be interesting how it goes down. I love long shots, let's see what happens April 15th.. If this makes it to then.
Note: This isn't investing, it's gambling LOL
Comment by
MrHulot on Apr 06, 2017 11:49am
Good powers of deduction, Pro. I agree 100%