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

TSX:CXR.R - Post Discussion

Concordia Healthcare Corp. > How much did you lose exactly on this name?
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Post by Bobsterr on Aug 13, 2016 10:14pm

How much did you lose exactly on this name?

My condolescences for everyone who lost money, time, and sweat on this. Just curious to know what you plan to do with your portfolio after this. From some of the messages I read, some of you may have lost six figures. My question also is what made you accumulate such a huge position in such a controversial stock without considering the potential losses? Because this seems to happen again and again, the message board is the same for Athabasta Oil, Posiden Concepts, AutoCanada, Avigilon, and that Canadian Nigeria energy company whose name I forgot.
Comment by Bobsterr on Aug 13, 2016 10:15pm
Mart Resources - I remember now.
Comment by InsiderTrader on Aug 13, 2016 10:37pm
lost $58000 and wiped out my gains for 2015 and I didn't consider paper losses real losses.. hopes of a buyout kept me in and I kept averaging down as new lows established and thought bottom was in...  I didn't think I guess that was the point and certainly didn't want to think of losses, greed was more powerful than fear I guess ... didn't know the CEO or even look at ...more  
Comment by Bobsterr on Aug 13, 2016 10:53pm
Thank you for writing and sharing your lessons learned. Yes this trade was a bad experience, but I think it helps to talk and write about it, vent your frustration, and share with others, knowing you are not the only one. I would print and tape it on my screen as a reminder before purchasing a stock because your message has very important underlying points that investors take for granted. Lastly ...more  
Comment by CNInvesting on Aug 13, 2016 11:43pm
A big part of what went on here was what's called ''peer group effect''. This isn't a first and won't be a last either because it's human nature to agree with people who share a similar opinion as we do. This goes for every social context. Whenever someone oppose your opinion, or specifically your stock thesis, it's easy to take it badly. Our decision to hold ...more  
Comment by SpankedOnPaper on Aug 14, 2016 12:10am
Got out a while back, but I am just reading tonight and thought I wanted to chime in on this.  I have to say that CNInvesting is an exceptionally caring poster and Lattice you are a good research-based poster.  One thing I remember reading (from I think fdfd but I am not sure) is that shorts do 20 (?) times the research that longs do and I actually think that shows.  I also don' ...more  
Comment by CxrBull on Aug 14, 2016 12:18am
This post has been removed in accordance with Community Policy
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