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Bullboard - Stock Discussion Forum Concordia Healthcare Corp. T.CXR.R

TSX:CXR.R - Post Discussion

Concordia Healthcare Corp. > Short side stops
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Post by TACT on Oct 23, 2015 1:44pm

Short side stops

Traders often size off a 3ATR stop, which for those who are short  would on average be above the red dots. Covering would get really serious above that point of 50User image
Comment by TACT on Oct 23, 2015 1:46pm
I have discovered with images/charts if you right click and select 'open in new tab' you'll be able to see the image much better
Comment by adamchess on Oct 23, 2015 1:54pm
Thanks for sharing this! Now I wonder why you sold off 80% already? Are you saying there will be serious resistance from here to $50? If it goes over $50 are you going back in? Not sure.
Comment by TACT on Oct 23, 2015 2:00pm
Selling into strength is just a matter of risk management. And it's been quite a recent runup?
Comment by bullchart on Oct 23, 2015 2:08pm
True... But not as bad as the recent rundown. Reversed trend until it stops. The market will tell when.
Comment by TechTarget on Oct 23, 2015 2:17pm
Bullchart, thanks for all the great guidance here!  SH is filled with BS, it's a breath of fresh air when pro traders like you tell it the way it is!  
Comment by bullchart on Oct 23, 2015 2:54pm
Tanks tech( I like your handle) you and others have contributed lots here. Would be nice to have a clean board with both sides of the coin but most have an axe to grind. I sold, when they didn't, I bought, when they didn't, etc. one never loses locking in some profit and one seldom gains without some technical analysis coupled with a good dose of fun dam metals (separated on purpose ...more  
Comment by borrowedlife on Oct 23, 2015 3:03pm
Only reason , which should, but has, is that Vrx will pull us down and she seems to be out of wind as the cob is nearing, guess investors want to see what Monday brings, locking in profits for this crazy week, like Cxr. GLTu-a