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Concordia Healthcare Corp. T.CXR.R



TSX:CXR.R - Post by User

Post by Ranger56on Oct 21, 2015 1:58pm
175 Views
Post# 24212612

It looks like short covering phase just started

It looks like short covering phase just startedLooking at larger green minute to minute volume just ramping up now (1:42PM) and much more green volume than red. However knowing how long a short cover phase lasts (minutes, hours, or days) for a severely beaten down stock is just speculation. All you can do is hold until it stops. One possibility however is beaten up so badly, knowing this is not Valeant, that short covering could be explosive but also likely temporary. All you can do with this one now is trade it.
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