PROtrading wrote: Chemdog, there are two type of "market players"
1. Investors that go long. Put their money on good companies. The companies take their money and make it grow, giving back income (dividends) to shareholders. As the companies grows and prosper, so does their value and therefore the stock price.
2. Short sellers. These guys "bet" against the companies (and/or sectors). In the case of Concordia, they see all the funny business. The growth by acquisition was acquiring a bunch of old medicine (which they call "legacy" or "niche" because it sounds better to the uninformed than "old pills". Other look at the sad track records of the clowns runnning the show from the boardroom. Others look at public sentiment and political sentiment against companies that buy others, jack up prices, sell to others etc etc. Street type of games that are very common with banksters and private equity.
Not so long ago, I was mostly #1 looking for short attacks and buying right before short sellers did. Very profitable if you catch it right. And I love to expose these guys because a lot of them are smucks. You need charts, experience and DD, you can't do it with "hope" or "luck". You also have to look at fundamentals or you get side-swiped.
A few of us beat up real bad on the shorties here because we were convinced they were the crooks. But after last month, I've going from #1 to #2 and the crooks are not the short sellers in my view. Not on this one!
Now, you are #1 and I can tell you, at this point if you have written off your shares, then don't sell. If there is still value, I hope you can sell above $7 next week but don't be surprised that the street and the big players here will drive it out. I would. The leg are rotten this horse and it's going to keep stumbing until someone puts the poor thing out of its misery. That's means $0 for shareholders #1 and 100% gains for the shorters (#2).
I'm here because I love to learn and share. I make mistakes and I did on CXR (promoting it without looking at the rotten legs on this horse) and made a mistakes beating up on short sellers who had this thing figured out months ago via deep research and some "secret sauce" ;-) LOL
I don't bash and I am a bit fan of truth since I can keep looking forward without having to worry about covering my tracks.
I do like clown shows and popcorn, that's a requirement to properly read these bullshboards!
LOL ;-)
Chemdog wrote: if this is a dead stock...why all the posts..i basically have written off all my money here
but i find it very interesting that a stock that keeps going down
has so much interest...
i bought a month ago and have watched my money disapear..but won't sell...no point now