Hitler is turning in his grave. The propaganda machine is so amazing that Its turning one by one on here into doubters and all is ready to a abandon ship. The guys playing Cxr are make hitler look like mother Teresa.
Last time we traded $32 the earnings were in doubt, guidance was in doubt, no takeover talks, and accounting issues in question.
Now earnings affirmed, guidance good, no fancy accounting, confirmed takeover talks. But still $32.
The ones trying to time the SP spike due to buyout for a quick buck got schooled last Thursday and will not be joining us for the next ride up, killing most of the buying power behind Cxr. Compound that with more articles about drug price increases and public outrage blah blah blah now they are reinserting the political risk to really kill any buyers. Do you guy not wonder why 20 news releases re Cxr come out in a matter of 3 days and non from the company except for the muted "we are still in talks".
What we are left with is wash trading Cxr down by the powerful crew in charge and killing stop losses and margin calls. The crew of this soap opera is now is total control since management can't say anything due to the so called ongoing negotiations. I say "so called" because I dont think there are any more negtiation, just lawyers drawing up papers to a done deal. If management says anything wrong they can blow the deal and the crew knows this so what we are witnessing is the defenition of a one sided fight.
Its a case of awesome psychological warfare to demoralize all longs and it's obviously working from what I read on here.
I said it two weeks ago, 62-65 Canadian. Yesterday Amber say 55-58. I said it wasn't blackstone, and it was confirmed Thursday. I'm telling you it wasn't only three interested parties, and that will get confirmed soon. Don't be fools and sell here. Cxr is a good company, it will sell as it has to.
Do do you guys not find Goldman starting coverage today at just under the rumoured takeover numbers coincidental. The crew, with Goldman the major player, are tenderizing the longs the way you do a steak into accepting the lower than expected takeout price. I wouldn't be surprised if Cxr management was in on this as well. Think about it, Who cares what the SP is at as long as they know the takeout price.
The future of Cxr as of today is heavily polarized. Meaning that only two outcomes and I mean only two absolute outcomes are possible right now with all the info we have:
1- everything I said in this post is true and the company is sold
2- Cxr is just one massive fradulant scam much like bre-x or sinoforest.
Im betting on the first one.
Btw: do you notice that since my absense, lattice, pineapple and notwrong have been relatively silent.