Concordia Healthcare Corp. T.CXR.R

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Concordia Healthcare Corp. > 3 Day Rule

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Comment by DeltaVegaon May 17, 2016 10:58am

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Post# 24880831

RE:RE:3 Day Rule

THIS STOCK is on FIRE. $60.00 CAD is just around the corner....

Slow and Shure.

Stockcoach1 wrote:

fdfd12 wrote:
If we have a great day and UP again $3 to $40-$41, then this should be the end of this run.
Usually, 3 good days is MAX for a stock.

We will be too far away from the 13 day and will either need to rest at $40-$41 for about
3 or 4 days, or it will come back to $37-$38.

Also there is resistance at that level since that is where we got stopped a few
weeks ago on the takeout rumours.

I know this is not what you guys wanted to hear.
It also is not what I wanted to write but that is the way
the market is.

PS: If we get to $40-$41 by noon, you may see the drop start to happen then.

fdfd; how can you beleive in stuff like that. If that was the case, then how do you explain the many consecutive 5 - 8 day drops when the shorts were in charge. Now the shorts are covering and institutions are buying, so why can't this work in the opposite direction? I'm not saying that it can't happen, but if it was as easy as you lay it out, we'd all be millionaires.