Concordia Healthcare Corp. T.CXR.R

Here we go again....

[Stockcoach1]

 

 

Brutal start to a new year in Asian markets due to weak PMI and slowdown in China.

 

China down 6.85% ....triggers trading halt.

Hong Kong down 3%

Nikkei down 3.2%

Taiwan down 2.68%

Australia down .41% 

Singapore down 1.63%

 

North American futures down as well.

 DOW  -164.5 points

Nasdaq  -48.38 points

S&P -18.00 points

 

All European futures down around 1%

 

[Scruggstyle]

I share your frustration, but remember that fundamentals will prevail.  As far as CXR is concerned, the fact remains that there is currently NO NEWS TO SPEAK OF that should affect the share price, period - end of story.  We will be getting an update shortly, but we really have nothing more to discuss, at this point.  But you and I both know that already. For any of you who are new

[argentia77]

[sunshine7]

Yes, I 'lost' my traders back in the low 50's due to sudden jumps in SP. They have made me money but not certain more than if I had just held. Still holding 6k core position for a much higher SP than today. One day swings are not troublesome when you realize that the SP is clearly climbing the wall of worry and there is much more upside to go. From today's Before the Bell comments:

[Bullphighter]

Here is your chance to grab them back Sunny !  This could get ugly today

[sunshine7]

My (stink) bid is in.

[sunshine7]

Got 'em! Now giddy up CXR!

[sunshine7]

Sold my traders again after a $2+ swing and of course it keeps going up! Nice pocket change but when will I ever learn? Nice to see CXR in the green again:)

[greenpasture]

I think you have learned very well. One never loses when you take profit on traders. One does lose, when you get out of position for a few dollars and miss the jump or gap some morning on an unexpected news release and have to chase the spike to try catching up to where you were before you sold. Just a few less shares in the portfolio now though.

[notwrong]

This post has been removed in accordance with Community Policy

[notwrong]

This post has been removed in accordance with Community Policy

[Stockcoach1]

CXR's resilience is impressive in this sea of deep red. The little engine that could. Hope it continues and shines green by close.

[ruben12345]

Was going to say, impressive resilience. encouraging. similar to the last 2 trading sessions when it was flat on loss days

[adamchess]

If not for this weak market start imagine CXR would be well on its way to $60 CAD next few days. It might still do it despite the uncooperating market. CXR fundamentals too strong to ignore at this point and future even more encouraging. $60 USD price is easy 3 - 6 month target.

[Stockcoach1]

CXR is holding up remarkably well considering what we have seen in the markets lately.  And as I write this the Asian markets are getting slaughtered again. China fell over 7% and triggered the new circuit breakers only 1/2 hour into the trading day. Every Asian market is in deep red again. European and N. American futures are dismal at this time. I certainly hope that the tide turns soon

[sunshine7]

NA markets destined for another loss today. I was surprised to see TSX is not yet in oversold territory. Likely a bit more pain then bounce. It's been the pattern. I agree, CXR is more rewarding than the general market.