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Bullboard - Stock Discussion Forum Concordia Healthcare Corp. T.CXR.R

TSX:CXR.R - Post Discussion

Concordia Healthcare Corp. > LOW of $28.58
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Post by fdfd12 on Jun 17, 2016 11:50am

LOW of $28.58

The recent low of $28.58 has been breached.
This is NOT GOOD.

I am still LONG but am a technical and fundamentalist.

I have said at $30 sell half and at $25 sell everything.

I have also said at $30 bankruptcy is possible and I got ignored by you guys.
Below $25, then it is very dangerous.

fdfd12<----- not happy
Comment by RUNMC4039383 on Jun 17, 2016 12:01pm
I think the SP is more a reflection of market volatility then the company's status.  I would say a solid buy at $25 if it reaches that, but I'll wait for this decline to level off first.  seems like -2% per day on average over the last fortnight :(  GLTA!
Comment by fdfd12 on Jun 17, 2016 12:03pm
With all due respect, me and you do not think alike. You are supposed to buy and add to existing position on the way up, not DOWN. They say never avg down.
Comment by casino_royal on Jun 17, 2016 12:23pm
its been under the 30s for sometime now and it's not snapping back this time, might be newer lows coming.  I will wait till brexit and decide if it's not too late lol. Gl