Concordia Healthcare Corp. T.CXR.R

Don't Panic Please (the close, nothing to worry about)

[fdfd12]

What just happend was something called the market on close. Known as MOC.
At 3:40PM, the TSX release buy and sell orders that will be executed at the close.
Today (because of options expirations), CXR had a HIGH volume of shares for the close.
CXR had over 500,000 to SELL.
What this means is that at 4:00, someone press market SELL 500,000 shares and this is what happens..
We were at around $52.50 when the TSX release that CXR would sell 500K. This brought its price down to $51.80 at 4PM and then WHOOSH to $50.41.

This is only temporary and assuming, market doesn't tank Monday, CXR should start at around $52.50.
Evereyone understand?

[DeltaVega]

Thanks for clarification. PARTY at my house!!

[fdfd12]

Also, if the price is $51.80 at 3:59 PM, you can see this sell of 500K, and put in a buy order at $51. What happens is, at the close when all those shares are all sold, THERE IS ONLY ONE PRICE. If that WHOOSH at market goes all the way down to $50.41, EVEN IF YOU HAD a sell at $51, you will get filled at $50.41. Yes $50.41. I saw all this, sold 1/4 of my shares at $52.15 and put in a bid at $51

[sunshine7]

same thing in the US but did not take down the price.

[sunshine7]

Thanks for explanation. I guess it pays to have a stink bid alive. Wish I had known. Could'a got my traders back on the cheap.

[fdfd12]

Sunny, did you read both of my explanations? part 1 and 2

[adamchess]

fdfd12: Congrats on ur trading and thanks for explanation. I still feel sick on sp drop. I shut computer after 4:00 PM and we were up. Was thankful for green day. Still scratching my head. Snooze you lose I guess.

[pineapple1]

This post has been removed in accordance with Community Policy

[Bullphighter]

riiighhhht, any more insights? Does Beaber beat out Trump for President? Does lettuce go up the day before xmas? Is califlower going to cost 5.99?

[pineapple1]

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[slightfan1]

Pineapple.. more nonsense. Welcome to the world of IGNORE.

[pineapple1]

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[Lumberfeverlong]

  Notwrong has resurrected as pineapple. How cute! Prickly on the outside, not ripe enough to be sweet on the inside. Grow up and stop harassing people. 

[adamchess]

pineapple1: Why don't you just take a short position and get crushed. Stop ur nonsense.

[slightfan1]

saw Pineapple response on Adamchess post. Pineapple said; "Don't inore, enlighten. Tell me why this is a without risk, no brainer double from here. Give me the hard sell." Slightfan says; "I OWE YOU NOTHING."

[Pj1958]

Pineapple ... The average price is still 80% higher than current price, so don't know what your talking about 

[Pj1958]

Pineapple... All analyst have a buy at this price , with an average price of $94.

[pineapple1]

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