"Jesus take the wheel"An interesting read to those considering jumping back on this train wreck. I am still curious about this stock after losing almost 300K before getting out at C$16 on Friday. I felt pure relief when getting out as I knew the rollercoaster of uncertainty was over and I had finally stopped the bleeding. First got in March of this year. If you take the risk and dive back in, don't make the same mistake I did and keep averaging down in the hope of a rebound, despite what analysts are predicting. CXR's financials do the talking - don't look at just the revenue.
Invest money you can afford to lose if you plan to buy CXR and I do believe more hardship is to come for those longs still holding onto their CXR shares. I'm predicitng under 10 next week unless the CEO steps down and there is significant positive news. I really can't see that happening though.
CNInvesting has provided some excellent tips on hedging by using options. Unfortunately my BMO Investorline account was not set up in time for option trading so I was unable to protect myself against Friday's 40% drop. I wll be able to use option trading (finally!) by Tuesday (took about 2+ weeks to set up). BMO did give me $100 as a goodwill gesture though after losing 100K in one day alone due to not having my account options set up in time.
Not sure if someone has posted this article already - if so, my apologies.
https://www.valuewalk.com/2016/08/concordia-international-debt/ Good luck to you all!