Now, ladies and gentlement, try to find a single other post in all my 4300 post on here that has those two words or, let alone one! I swear, my buds will think my account has been hacked and someone else is writing this. They have probably never hear these two words in the same sentence and most might say they would never see the day of me saying this. I'll be paying for this one.
I sold and took cut my loses on this latest trade.. I more than made up for it on other trades but the stock has always been hard to read and well, when there's funny business, that's what happens.
The bears are saying the next stage is coming and this isn't bashing, it's being bearish with cause it seems! Someone got bullets from me here they did not deserve. Nothing personal, just pure distrust of the markets and scammers that rule over it.
Too many newer red flags on CXR. The biggest one is the CEO handing his shares are for a loan??? What is that about? Doesn't that mean that the CEO actually got the cash for the loan instead of holding actual shares???
Also that rumour of the buyout company that got a lot of people excited wasn't exciting should have raised a red flag when the company is a hedge fund company, not a health company!
My bet now is we'll be able to pick this up cheaper IF you trade in trash cans..
Unfortunately, the biggest clown here appears to be in the boardroom, not the bullboard. I wouldn't short without being "in the know" like the shorties behind the attack. Shorties were dead right on this.
"Concordia International Corp.'s chairman and chief executive officer Mark Thompson was notified earlier today of the sale of 505,000 of his shares as part of a margin call.
These shares were not granted to Mr. Thompson as compensation. The shares were pledged to secure loans made to Mr. Thompson, and the sales terms were agreed upon, prior to the company's April 21, 2016, announcement that it had formed a special committee to evaluate strategic alternatives. The financial institution executed the share sale after Concordia's common shares declined below a certain market price. Mr. Thompson continues to hold 1,620,251 shares of Concordia."
Shorties are telling us if they drive it down, they can trigger the rest fo the sale. I'm tempting to join them and show my bearish side on the short. I can be as dedicated one way as I am on the other! This short attack isn't fabricated, it seems the financial engineering behind this company is.
That means the "house of cards" is coming down. My last short was last year and I'm tempted to short this one but when these become that toxic and this unpredictable, it's a little hard...
Now, I need to find a church quick, I need to get on my knees and ask for forgiveness. Might as well go all out! ;-/