RE:RE:RE:RE:Stop The Panic, Things Should Be FineThe price gap will get close. If you look at your chart, from this price level shares need to rise around 80% to close the gap. And they will. And yes, the Concordia will eventually go to 0 UNLESS CEO is fired, board of directors replaced, and new serious strategic plan puy in place.
Now, there is a third option: remember what happened to Linkedin? It collapsed like Concordia in one day, and then few months later Microsoft bought them and the price skyrocketed back all the way back where it collapsed. This is not the end of the world. On a short-term basis, CRX looks bullish. If I were you, I would
NOT be selling now. But, make sure to sell it as soon as price gap is closed.
DanKwong1958 wrote: If you say going to zero, what would make it go up 80% as you said? There is no optimism for Q3 it doesn't seem.
HedgeFunder wrote: It's going down to 0, but not soon, meaning you will be able to exit profitably.
MustardTiger88 wrote: What are you on about? You posted 20 minutes ago saying the stock is going to $0. Did you forget to log into your short account before typing that or something?
HedgeFunder says: "... so far with failing Concordia Healthcare stock? Looking back 12 months, Chaikin Money Flow clearly indicated heavy selling was in progress. Whatever few 'bullish' days CRX had, we can appropriate them for short sellers covering their positions, and then other short-sellers entering new positions. This stock is going down to 0.
Read more at https://www.stockhouse.com/companies/bullboard/t.cxr/concordia-international-corp#ptqJih5cUT92iMcg.99"
HedgeFunder wrote: Two things:
1. Vast majority of price gaps get closed, so will Concordia's Gap Down. It will be closed. You're looking at about 80% upside from here within 3 months which would bring price to around $21.
2. Accumulation is already in progress, which is visible from today's candle, improving chaiking money flow, and RSI being oversold also helps. So, should be fine, just stay tight, don't panic.