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Concordia Healthcare Corp. T.CXR.R



TSX:CXR.R - Post by User

Comment by uranicynicon Aug 13, 2016 5:20pm
200 Views
Post# 25139332

RE:Next move ?

RE:Next move ?

It must have been tough for you on Friday watching things drop like they did. When you lose $10k every time the price drops a dollar it would be a pressure cooker. I bought in the high $15s, the high $13s and the high $12s getting my average down to low $21s. I can see a 20% pop on Monday after an initial small drop. I've still got some dry powder so I may be buying again early on Monday and then hopefully locking in some day profits later. This situation could easily get worse but I believe we are in a vastly oversold situation here. You know how much risk you can handle so you may be able to turn the proceeds from the 6000 sold shares into a damage limiting profit.
P.S. I bought on Thursday totally ignoring my own rules about Friday reporting. I hope you find a comeback plan that is successful.

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