RE:RE:Why the last BIG short attack...The tricky thing is that we don't know to what extent it's actually fear that's causing the selling. I'm under the impression that it's not such a big driver of the selling. Some insitutions with deep pockets are toying with this company's stock. Peter Hodson is probably half-right at best because he doesn't know who is shorting so much and also what % of it comes from a single entity vs a bunch of them. Sure, some of trades were coming from scared retail investors, but remember that a high % of it is owned by institutional investors also and it will be a long time before we know who sold. Could be too late by then. You seem decent Tommy, I wish you'd have hedged your position. It's not too late.
TOMMY1 wrote: The problem with this stock is CXR have lost investor convidence and as it has dropped, investors are waiting for it hit bottom before they re-invest. I am still in this and I am currently almost 40% down - I don't have any free cash to average down further now and I have to say, my confidence has been rocked too like many others as I never expected it to go this low.
Peter Hodson put it perfectly: "
Fear is a big driver in the market" and "
selling because it is down is not a good reason".
Source: https://www.bnn.ca/video/peter-hodson-discusses-concordia-healthcare~923719 Solid Q2 results should help with investor confidence and I think that will be the turning point for this stock.
Long and strong - good luck to all!
Lesalpes29 wrote: If they don't covering yet... Ridiculous thinking I think!