Concordia Healthcare Corp. T.CXR.R

To all my friends on this board

[fdfd12]

Speaking on technical analysis, LOOK AT THE CHART BELOW. If this thing on Tuesday (Monday won't count since US is closed and volume will be low) goes below the LOW of the last 4 days ($43.31), then you have to sell if you are a short term trader.
This has nothing to do with fundamentals, just market panic.
The computers have that number as the recent low, and if that it breached, computers
from all over the cities will be selling.
Remember, we have held that for 4 days, so far. If we get there, and go lower this will go to
$40 in the same day. So it will be a -$4 day for CXR from $44 to $40.

We know the fundamentals, yes $6.50US for this year and over 100 countries etc...

Unfortunately, those computers doing the selling don't give a damn for our fundamentals.
As STOCKCOACH says, this market doesn't have it right  and OFTEN makes mistakes or else all stocks would stay at the
same price and not move up and down.

Well, if $43.31 is breached, then the MARKET WILL once again be wrong and this will
drop irrationally.

Thanks for reading if you made it this far.

[argentia77]

Well my friend we shall see, but thanks for your analysis. The markets have been very volatile since the start of 2016 and there's been a growing sense of panic in the air. The media loves times like this and are only to happy to fan the flames of fear and impending disaster with stark bold headlines like  SELL EVERYTHING NOW!. The reality is that it's hard to predict anything

[puma1]

thanks for the TA but u need some context. If the Elves work of TA was that sure a thing fdfd, then they would always outscore the averages. We all know that virtually no fund Mgr is consistently beating the market so there u have it. Empirical evidence that TA is good but not a certainty.

[puma1]

and by the way, u can't have technicals in the longer term if the stocks have NO fundamentals. There is a reason they are called FUNDAMENTALS. But for the short focused u really do have good points. As a final, those short term perspectives are a great basis for the CRA to asses trading income and double the CDN tax rate on your stock transactions.

[fdfd12]

Good point puma. For an account, anyone know how may trades you can make to be declared trading income? Puma, on the other hand, I was talking about RRSP where you can buy and sell and be taxed much later.