RE:RE:RE:RE:RE:Possible Motive For CXR Initiating Takeover Talks.....?Don't put too much emotion into it Roller. Pull up a a couple of charts and look at the trends and indicators. The rsi is still 37 and can easily fall below 30. The companies reputation has been scarred by Bnn and the Financial Times rightfully or wrongfully. Its great that people on this board chatter back and forth and have opinions that all is fine, but hardly anyone reads these compared to the reach of the popular media who mentions Concordia alongside Valeant and Turing. Funds aren't jumping into the space because of political headline risk. Not trading on fundamentals, trading on which way the wind blows, and we're on a critical support level in the middle of a windstorm. Don't sell at the wrong time.
Roller007 wrote: Graigbad: worst than this ? Really. You are hoping it holds here? Come on man this is the level it traded down to the day the false accounting allegation came up. $30 is telling us that accounting is fradulant, earnings will miss And guidance will be lowered. Cxr should never have traded down here in the first place. Inspite of all the attempts to scar its reputation from chicken farmers to false auditor reevaluation to massive price hikes, non were true and obvious attempts to manipulate Cxr lower.
The only way Cxr trades here is if someone knows something that's not public yet and they are trading that info, ie insidertrading, in that case I will be the first one to lawyer up