Concordia Healthcare Corp. T.CXR.R

Just Called my BANK

[fdfd12]

OK if you buy a Candian company in US like CXRX in your TFSA account, then there is NO
witholding tax of 15%.
As long as the company is based in Canada, there is NO TAX of this kind.

For US stocks below, like AAPL

There is never a witholding tax in RRSP accounts.
There is though on margin ,cash and TFSA accounts.

[bullchart]

Good to know. Thanks. Looks like we begin the open above 52.00 this morning.  Health index looking strong this morning so far with the U.S. On holiday eating turkey. 

[fdfd12]

Remeber on the days where we got 900K in volume, we were at 300K at 11AM. So if we hit 150K at 11, then 450K for the day. If we hit 50K at 11, then 150K.

[CJAlberta]

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[fdfd12]

just because the bid and ask are 52 now, it doesnt mean it will open up there. In fact, since it is very high, it will NOT open up there.

[sunshine7]

"the ASK and BID prices perfectly match, and then when the market opens it usually falls back." ... yes I have also noticed this. The bid volume pre-market is significantly higher, perfectly (or near) ask volume and is pulled back (walked down) to a lower (and still matched) level in the last 5 minutes pre-market. I feel it is a sign of the presence of the same folks who "walk it

[CJAlberta]

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[JustforFun7]

yes Cdn institutions use algoritmic trading as well. Is it present on   CXR on a low volume day.  Not likely much but they are always present nowadays. 70% of trading  volume...moving closer to 80%.  Average  transaction size  is about 150 shares (what does that suggest). Average hold time is way down.  We are a dinosaurs without much of a future. .  JFF7

[sunshine7]

Thx JFF for your confirmation. This just goes to say that we are really just observers and that the market makers are not influenced by what is said here or our buying/selling. We can, however, try to understand the patterns and take advantage of what they give us.

[CJAlberta]

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[osirus1]

I day trade and short with these as technical's but it can be applied to long trades like reversals or investments but I don't usually look more than a week in the future without doing fundamentals too. The most important thing is the chart I have certain chart patterns that I favour and I will play with large size some I just test 1000 shares and add once I bank on the next target

[sunshine7]

Wow! Osirus, that is a lot of work. Hope it is profitable for you and encouraged by your long position in CXR.

[osirus1]

It is a work in progress with this system/plan I made $64,000 in 1 day and the next day I didn't follow my plan I lost $24,000 and another $10,000 the next most days I am about $900 except last week saw no trades tuesday till friday so that week I was barely over $1700. I work so this isn't a full time thing yet but I try to work around the market. I am still new so I learn and growing

[Hawker12]

Well said, no emotion just a trading strategy.  Thanks

[CJAlberta]

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[osirus1]

Yes I would but let's be careful because for me since I am more a day trader I look at the price action in relation to the lines. So my charts I have all these lines and I don't care as much which line it is  I just want the majoprity of them to be on one side or the other for a trade since I am only in it for minutes to end of day. On a reversal from short to long I short cover and I

[adamchess]

What would be the point of sniffing out stop sell orders every day? Wouldn@t they be all cleared out on the first try? (unless they keep going lower each time)

[sunshine7]

Taking out stop losses is just another form of accumulating shares at a lower price. Holding the buying pressure low has its advantage if accumulation is the game. When goal is reached, let it run up and either take the profits or manage the consolidation. There is not many people who don't believe that CXR is under valued at these prices.

[adamchess]

I guess I was thinking about stops with larger leeway before stopping. I notice from some trader service guy (Jason Bond) he uses stops of 3% on his entries and I guess there are lots of other swing traders using similar low percentage stops. Not sure if that is good for trading volatile stock like CXR?