Concordia Healthcare Corp. T.CXR.R

Speculation that VRX sellers are buying CXR shares

[JustforFun7]

for those that want to stay in the sector because they believe in the strength of the earnings,  many may selllnig their VRX and heading over to CXR. 

JFF7

[dudsywow]

I was thinking seriously about doing a long CXR/ short VRX on Tuesday when Concordia dropped more than Valeant.  Didn't pull the trigger and would have made 25% on the spread.   A little riskier now of course but I'll just stick with my long CXR for now.

[JustforFun7]

Yes I briefly thought about that too but since I dont short, it would take a lot to make me take that first step.  The shorting VRX half of that trade is way too risky. Even the  most adamanet  shorters (independent guys)  are limiting the amount of shorting they do at these levels. they are taking  profits at the bottom  of these dips and then jumping back in from

[CJAlberta]

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[sunshine7]

action seems to support that there is becoming a clear separation between VRX and CXR. Although the CXR gains are small today, this is in contrast to a down market (particularly Health Index) and peer action. When that turns, look out!

[CJAlberta]

This post has been removed in accordance with Community Policy