RE:RE:Reshorted again above $9Good question. Well I was focussed elsewhere to short higher so I'm stuff shorting this trash can here around the $10s.
Why short? Yes, this has high chances of the SP doing to $1-3 real soon. Why?
1. Misleading guidance. Management says firing on all cylinders but having a devastating quarter and it's one of the first if you look at the political, market and insurance payer pressure.
2. Management missing in action
3. CEO doing some HIGHLY questionable tricks apparently with shares going from Ontario to Cayman Islands to Argentina. "Going south" so to speak! LOL
4. Failing to observe the #1 rule of marketing. "Charging the most the market can bare". The business model will break. The graivy train crashes, that is what we are seeing.
5. ALL the TA on the dead cat bounce is short term ONLY
6. Highly questionable transfer of AMCO from Cinven to Concordia. Cinven has ACMo still listed as an investment.
https://www.cinven.com/sectorfocus/healthcarecurrentinvestments.aspx (they don't want to tarnish their image with "Concordia") Why? I know. Do YOU?
There's much more but enjoy the spike and take the op to SELL. I am ! LOL Thanks for allowing me to borrow your shares !!!!! LMAO!!!!!!
knowsnothing wrote: Why would you short now if I might ask?? Don't you think you are late to the short game?? CXR isn't going bankrupt or away if you think this will happen !!!!