Concordia Healthcare Corp. T.CXR.R

perfect storm

[dannyd9]

Just weighingin. I believe the massive selloff is partly due to a perfect storm of events. Earnings missed and there were concerns about legacy products and dwindling sales in that pipeline. On top of it, CXR has always been paired with Valeant. So, when short sellers express a concern about a leveraged company in this state at the same time that month end institutional selling occur's....viola you have the perfect storm. We are nearing a short term bottom and should see the stock perform better in april as those in a frenzy to get out will get out for quarters end this week. Unfair, but it happens all the time,

[Craigbad]

Lets hope the funds keep selling and drive this into the low $20s with capitulation, it will give retail folks a chance to pick up cheap shares and get a high return selling at $30. 

[adamchess]

Yea, I don't think we need this go lower and bringing in more short term traders to make quick money. 

[select1011]

This post has been removed in accordance with Community Policy

[Craigbad]

People shorting now are likely to want to drive the price down to $21-22 and hold it there long enough to cover. Nothing technically to indicate a bottom yet, all signs point towards continued downward pressure. Rsi is still around 32 and it will likely overshoot to 25. If you have cash there should be a good buying opportunity in the low $20s when we get our capitulation day, still a gamble