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Concordia Healthcare Corp. T.CXR.R



TSX:CXR.R - Post by User

Comment by Craigbadon May 06, 2016 9:08pm
261 Views
Post# 24850044

RE:RE:RE:RE:RE:RE:RE:RE:RE:Nary any sellers

RE:RE:RE:RE:RE:RE:RE:RE:RE:Nary any sellersI agree smart money probably left the building months ago when they could get out at $70-80 but some funds would definately be exiting when it starts breaking the 200 week moving average as it is the most long term bearish inducator that can be broken. It represents a place where early investors can at least bank a profit as opposed to a loss if it keeps tanking. You'd look pretty stupid if you bought it for $20, rode it to $120 and then rode it below your original cost to the teens if it goes there. It would only represent a 1-2% weighting for alot of funds and may not be worth the embarrassment of having it in the portfolio any longer, win or lose. The shorts see it going to the teens, the longs think it should be $100, i think we'll get a buyout in the mid $40's and if it goes to low $20s i may nibble some more.
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