RE:RE:So many comments "Monday's announcement might give Cxr an advantage since only US is open where most of the short interest is at. It might trade at higher than the announced priced due to a rush to cover. Just a theory"
Read more at https://www.stockhouse.com/companies/bullboard/Bullboard/t.cxr/concordia-healthcare-corp#Id2m6KpZohj3irui.99
if something is announced monday and there is a short squeeeze it will drop back down tuesday, so for us canadian share holders the true advantage is to relase a deal tuesday so that there is no chance to have it come back down....
secondly...a deal or a buyout is material information roller007.....that means it has to be released as soon as its made...it cant be held at mt,s convinience just to burn the shorts...its against the law...
thirdly...if it traded at a higher than announced price monday because of a short coverring, we would be screwed in canada...we wouldnt be able to get in on nthe sell action until tuesday.....yes there are a ton of shares that are short ..i know....but stranger things have happened and by fluke imagine if they covered the bulk of their shares while we could do nothing here in canada....that would be a slap in the face