RE:RE:RE:CXR Investor Relations - ContactMarky - I totally get the psychology behind why investors hold onto a stock as it continue downwards - it's the fear that you will miss the train if the stock ever bounces. The truth is there are a lot of beaten up stocks out there with much better outlooks than Concordia. It will take years for me to recover from this financial hit but it felt good to get off the CXR train. Not having to wake up to more uncertainty and potential significant stock price drops resulted in a better night's sleep! Borrowing on margin to average down was my major f-up and I have learnt from this. At one point, CXR made up 120% of my portfolio - that was pure greed and stupidity on my part. I now stay clear of heavily indebted companies as well as companies with heavy short interest. The shorts do their research and pick a certain stock for a reason - if you look over Lattice's posts, you will see s/he called a lot of the major issues before the market reacted.
I hope the stock price recovers for the sake of all of those longs who have hung in there, but I don't think it is a safe strategy at this time to hold as the long-term outlook for Concordia is not good at all, all you can hope for at this stage is a buyout.
Good luck to all, and to all a good night!
Marky1 wrote: Thank you Tommy...Everything you said makes good sense...Unfortunately my losses run into many thousands of dollars...I simply cannot afford to pull out and I'm jhoping and praying that the stock will recover to some degree! GLTA