Concordia Healthcare Corp. T.CXR.R

RE:RE:RE:RE:Still cannot stay above $38.75 at close........

[DeltaVega]

We should get some new money from gold sector in next few days. It would be nice to sit at $40 for a few days. Cheers

Craigbad wrote: We are at the top of the trendline so i wouldn't be suprised to see the short level increase at this level as it did when the stock was over $40. It is likely to be a long road as there are ALOT of resistance levels so patience will be required. If we can't break the downtrend line be prepared for another wild swing in the wrong direction if traders start to bail.

sunshine7 wrote: I would hope that there is buying conviction from short interests to at least adsorb the traders selling. The last ER and subsequent CC and threat of buy out should be supportive. Will they take a last kick at CXR? Surprise me, but the risk/reward for shorts does not seem to be there anymore in a normal functioning market.
Craigbad wrote: If you draw your trendline off the last three tops it is aligning perfectly with another lower high. Its a 30% gain in less than week for traders so ...