Concordia Healthcare Corp. T.CXR.R

Is it possible we don't even make it back to $10???

[smallshort]

This is a question for the tmany raders here.  Based on your views, do you think this "dead cat bounce" as you call it will get this back to $10?

There was some buys at 9:47 (50K shares) this morning but volume has dried up and the stock has problems staying positive!  Time to sell now or wait hoping it goes up a bit more from here before heading back down?

Sorry if this sounds a little on the novice side.  Just getting up to speed with all the trading tools out there.  I want to avoid losing any money.

[greatplay]

Short is in order :) feel free, as your nick handle say... Asking others is stupid... The most funny staff that people asking and then respond to themselves with different nickname... really lame...

[Craigbad]

From a trading perspective, this should have bounced long ago. One problem is they are getting kicked out of three large cap indices tomorrow. The major problem will be the debt to ebitda is 6.4 and most money managers consider the danger zone to be 5 to 5.5. Without large buyers to step in and drive the shareprice up, it can easily be bounced around by traders who will try to catch bottoms and

[greatplay]

Some people look at being in indices as super plus... It's both plus and minus... when stock market goes up it follows and reverse... being out them is about finding a balance by share itself. Also, I heard an opinion that big boys and funds will leave, because they can't own it. It's a BIG BS, just pull any Mutual Fund ingredients, even for big 5, I know Scotia, TD and RBC have

[smallshort]

Greatplay, absolutely true that funds can be small cap, mid cap and large cap.  The problem Concordia has right now is large cap funds have to liquidate if they hold CXR. But that doesn't mean that small cap funds have to buy in.  They will look at this and probably watch until the dust settles. Fund managers have a responsibility to their clients and nobody, even novice fund

[YOLO77]

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[PROtrading]

No, don't listen to this clown.  He's a newbie who looks at historical prices to validate his bad position. I do agree that that short is the play here.  As craigbad states, just wait for the three days to see what will happen here.  I'm holding short and tomorrow or Monday, I plan to short some more if nothing changes. Very hard to break a downtrend or uptrend

[greatplay]

ProTrade: if you don't want to listen to the "newbie" be my guest, but I believe the newbie is Mark Thomson, or somehow connected to Concordia management, maybe investor relationship. Don't you know that many public companies have staff that is responsible to monitor public channel of communication; Even there's BI (Business Intelligence) is created to analyze people

[Craigbad]

To add a lttle more insight, volume was heavy in the first hour when "dumb money" generally buys and has since tapered to average indicating smarter money is still staying away. I usually watch the close for volume and price action and put some weight on that. At this point the volume and price action isn't telling me the downtrend is over.

[smallshort]

Thank you craigbad.  Good information.  I like the "Three positive days on high volume might represent a trend change" tip.  I've seen that before in some of the trading books I am reading. I have been on heavy ramp up to not get caught with my pants down again.  Understanding how professional traders do it is very beneficial. I've also heard about the first

[EddySantana]

It's a pure gamble, too many suckers liquidating from much higher levels puts a heavy ceiling over any rebound. Many of the retail suckers you see here now spend hours a day "analyzing" and posting on this flaming pile of dogsh*t out of bitterness and resentment as if it vindicates them.

[greatplay]

I agree ceiling will be there, but not here... minor ceilings will be around 1st - $9 USD and then 2nd $10 USD But real ceiling will be around $12 to $12.77 USD that's where we had large volume - 11MLN on US side. The rest of volume is tiny in comparison to 11 MLN Any big news can easily make us gap around $16USD

[PROtrading]

Quite possible that we never make it back to $10s. Are you trying to daytrade this or is it a longer period position trade?  If you are just starting, I would wait for tomorrow or Monday to see whether to short or not.  Don't try to time this perfectly. Few manage to do that but some of us try to make it a sport. ;-) LOL I love to be right, hate to be wrong and I rarely have to