Concordia Healthcare Corp. T.CXR.R

Question from the Moron

[fdfd12]

There was a rumour of the deal being imminent last week and the stock rose to $45.
Then the same day they said Blackstone was OUT and the stock dove to the mid 30's.
Then CXR comes out and says were are still in the process.

Question is, why didn't the stock price go back to the mid 40's?

Does anyone have a sensible answer?

[wordless]

The stock was behaving like some kind of news was imminant and maybe shorts were covering which brought it to $45 and then the news was neagtice so maybe they piled back on?  Very strange it would have so much strencth as if someone knew something.  Then the stock drops $11 in a matter of minutes.  Leads me to believe that there really are people manipulating this stock. As for why

[fdfd12]

Very true, we all would have sold.

[Bloodinstreets]

Because realistically it is just as likely that the BO doesn't happen. After the first Bull Trap nobody is ready to get caught again. Look at the fear on this board, people talking about selling at losses and accepting low BO offers just to get out of the stock. The amount of true " longs" that comment on this board is far and few between . They are likely too busy accumulating

[fdfd12]

Marc Cohodes is prediction CXR will be single digits before VRX. He also says, MT will be fired by Halloween.

[Bloodinstreets]

FD, i don't concern myself with what Cohodes has to say. He makes it very clear that he doesn't like MT as a person. Emotions like that are exactly what people need to avoid when making decisions.  Him telling you the stock will go to single digits before vrx doesn't mean a thing. It doesn't guarantee that he has a short position right now. It could just be that he hates MT

[curiousbuild]

Looks like dude hates my country.. I saw dismal BNN apperance too.. I hope a Canadian Goose shart on his head.. People should choose wisely who to follow on social media.. jmo CB

[terminator007]

yup, he did not answer my questions but blocked me. Seems he persoanlly dislikes MT or anyone for that matter with opposite views.