Concordia Healthcare Corp. T.CXR.R

3 Day Rule

[fdfd12]

If we have a great day and UP again $3 to $40-$41, then this should be the end of this run.
Usually, 3 good days is MAX for a stock.

We will be too far away from the 13 day and will either need to rest at $40-$41 for about
3 or 4 days, or it will come back to $37-$38.

Also there is resistance at that level since that is where we got stopped a few
weeks ago on the takeout rumours.

I know this is not what you guys wanted to hear.
It also is not what I wanted to write but that is the way
the market is.

PS: If we get to $40-$41 by noon, you may see the drop start to happen then.

[puma1]

really think it might be altered abit there  - hard to overlay simple rules of thumb over a stock that for non-fundemental reasons was down 21 days of the last 32 trading days. or put another way, we had 9 updays in the last 30 trading days - there is room here so i wouldn't be quite so absolute oh clairvoyant one.

[fdfd12]

Let's hope so Puma. I have my fingers crossed. Only thing is that a stock won't stay too far away fromt he 13 day. It will stop and wait for the 13 day to catch up to it.

[Silverbull13]

This post has been removed in accordance with Community Policy

[fdfd12]

NOW we gotta hold $40

[Theodore50]

Day high so far: $40.40, at $40.28 at 10:23am. CDN dollars. 

[wordless]

Well when you have this many shares short, and on this 3rd day you get disclosure from an astute P/E firm that they've bought up over 5% of the Company, I think the 3 day rule won't hold. I expect shorts to keep covering, there whole short thesis is being proven it's wrong and they need to get out sooner or later.

[springisnear]

agree. current price is way below where this is valued......where this is headed.  

[bullchart]

A good rule of thumb is the 3 day leg but CXR has moved outside this many times. Since jan 28 I have had a 6, 9, 7, 7, 5, 3 day legs with 5-11 dollar moves. So this one could shoot out of the park.  The VRX /CXR has crossed with CXR running 15% higher yesterday and 10% today than VRX. CXR just may top apr 22 high today of 42.24 and a cross of the 200 m/a , with the next one at 46.63 mar 14.

[Stockcoach1]

fdfd; how can you beleive in stuff like that. If that was the case, then how do you explain the many consecutive  5 - 8 day drops when the shorts were in charge. Now the shorts are covering and institutions are buying, so why can't this work in the opposite direction? I'm not saying that it can't happen, but if it was as easy as you lay it out, we'd all be millionaires.

[DeltaVega]

THIS STOCK is on FIRE.  $60.00 CAD is just around the corner.... Slow and Shure.  

[fdfd12]

SC1, it only happens on the way UP not down. You will see, a bunch of people who bought at $31-$35 now have a profit and will be selling either later today or tomorrow. One day when you have time, plot a 13 day EMA (exponential Moving Avg) on your chart. You will see the following. Imagine there is a RUBBER BAND between the PRICE and the 13 DAY. When the price goes too far away from it, the

[StevieCohen]

Guys, "I'm fdfd, I'm a skilled trader, i sold at $37 because I'm skilled, this is going down because of the 3 day rule of thumb ( it also applies to drifting down you dumb fuuck). Don't trade this unless you're askilled trader like me."  Bet the girls love you.  You seem like quite the loser.  

[fdfd12]

No STEVIE, don't say that. Remember I really love your posts. You really crack me up with the language. I am not a trader. I have not sold anything on this run. I am just telling you guys what it will probably do. Remember, a good technical analysis is only right 75% of the time. This may get to $45 before realizing it is too far from the 13 day and then come back to $42. The 3 day rule may

[StevieCohen]

Good, maybe I'm confusing your posts with PROtrading's...

[WillyWally]

You are talking about the guy who lacks attention in real life so he's spamming the forum with his so called "pro tips" ? Yes, he's quite something isn't he...

[sunshine7]

FD, I remember this from the last run at year end. There are a lot of traders looking to take their profits after 3 great days of gains. The difference this time is that there are 3x the short interests now compared to then and they will need to cover. Also, there is greater clarity of business fundamentals and the threat of buy out. These should be very supportive to adsorb any trading shares and

[fdfd12]

I hope you are right. I really don't mind this going UP everyday.

[puma1]

already at 98% of the average daily CDN volume and only 2 hours of trading!!!!!!!!!!!!!!!!!!!!!!!!!!!

[Stockcoach1]

Fdfd, I thought you were talking "the rhythm method " now you're talking imaginary rubber bands. Lol I'll see if I can dig up my old post that summarizes my thoughts on this witchcraft. Haha

[fdfd12]

My post from yesterday for which I got BASHED.

[DeltaVega]

Wow. Nice prediction. But i feel like we will continue our uptrend today. Cheers.

[fdfd12]

I hope so too. But, I don't think so. (please don't bash LOL)

[bullchart]

Like was mentioned yesterday, this usually works except for those times there is a reason for an exaggerated move. Then you may have to study Feb 11-25, or Mar 3-14 etc. interesting to see a tight low today. May not get there but would not be surprised to see a 39 + close today.