Concordia Healthcare Corp. T.CXR.R

Heavy anonymous selling Thursday and Friday

[heavyvolume]

Anonymous was the #1 dumper of shares during the relief rally from oversold which happened late this week on Thursday and Friday.

From my perspective, the market professional have herded a whole new set of holders into a narrow path for the next round of massacre and shareholder wealth destruction.

I see no reason why the "anonymous" flag is permitted. This was meant for a previous era. The goal of the public market is to have a fair playing field but we are far from that these days. Fortunately, the everyday investors are catching up to the professionals with sites like stockwatch (any others as good?). I'm not connected at all with stockwatch, just a very happy subscriber and the free 30 days for non-market investors is a must for anyone self-investing.

I hope I am wrong here and that we'll have good news next week but, if there is any bad news, don't be surprised to see sequential days of red as we have seen since failed failed guidance. We could be down 50% by next weekend.

Some of the large institutions that were fooled into buying this would have used these two up days to sell under the anonymous broker flag. This makes me ill. I hope no fellow retail investors bought into this bull trap.

House Positions for C:CXR from 20160922 to 20160923

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House	Bought	$Val	Ave	Sold	$Val	Ave	Net	$Net
79 CIBC	834,787	5,450,893	6.53	610,993	4,017,629	6.576	223,794	-1,433,264
80 National Bank	102,221	677,905	6.632	50,835	334,228	6.575	51,386	-343,677
90 Barclays	88,100	539,172	6.12	37,692	258,602	6.861	50,408	-280,570
13 Instinet	276,900	1,774,826	6.41	234,800	1,561,458	6.65	42,100	-213,368
7 TD Sec	783,777	5,165,620	6.591	747,986	4,912,508	6.568	35,791	-253,112
76 Industrial Alliance	23,600	157,357	6.668	650	4,406	6.778	22,950	-152,951
2 RBC	260,816	1,751,499	6.715	240,639	1,590,640	6.61	20,177	-160,859
101 SG Capital	49,205	313,515	6.372	31,500	202,054	6.414	17,705	-111,461
102 Lakeshore	15,100	91,852	6.083	2,478	15,665	6.322	12,622	-76,187
15 UBS	36,947	234,125	6.337	27,377	186,460	6.811	9,570	-47,665
9 BMO Nesbitt	141,155	936,950	6.638	134,875	874,505	6.484	6,280	-62,445
99 Jitney	48,814	319,525	6.546	46,242	308,446	6.67	2,572	-11,079
65 Goldman	21,500	146,037	6.792	19,000	131,308	6.911	2,500	-14,729
22 Fidelity	2,500	17,893	7.157	225	1,362	6.053	2,275	-16,531
33 Canaccord	3,175	20,355	6.411	1,155	7,139	6.181	2,020	-13,216
18 Echelon	2,000	13,980	6.99	0			2,000	-13,980
143 Pershing	2,000	12,911	6.456	0			2,000	-12,911
89 Raymond James	2,300	13,787	5.994	365	2,284	6.258	1,935	-11,503
97 M Partners	1,500	9,880	6.587	0			1,500	-9,880
68 Leede	1,500	10,425	6.95	0			1,500	-10,425
72 Credit Suisse	4,521	30,279	6.697	3,200	19,746	6.171	1,321	-10,533
74 GMP	25,000	166,598	6.664	23,775	157,777	6.636	1,225	-8,821
57 Interactive	1,330	8,631	6.489	270	1,778	6.585	1,060	-6,853
59 PI	1,000	6,908	6.908	0			1,000	-6,908
25 Odlum	3,000	20,156	6.719	2,000	13,560	6.78	1,000	-6,596
58 Qtrade	24,320	155,748	6.404	23,800	151,215	6.354	520	-4,533
56 Edward Jones	1,600	9,982	6.239	1,100	6,707	6.097	500	-3,275
62 Haywood	0			410	2,631	6.417	-410	2,631
27 Dundee	0			900	6,282	6.98	-900	6,282
124 Questrade	6,871	45,375	6.604	7,956	51,110	6.424	-1,085	5,735
88 Credential	1,200	8,200	6.833	2,800	17,628	6.296	-1,600	9,428
28 BBS	420	2,863	6.817	2,311	14,337	6.204	-1,891	11,474
19 Desjardins	13,257	87,750	6.619	15,383	101,570	6.603	-2,126	13,820
48 Laurentian	0			4,100	27,747	6.768	-4,100	27,747
39 Merrill Lynch	141,247	904,913	6.407	177,040	1,118,409	6.317	-35,793	213,496
53 Morgan Stanley	8,372	52,808	6.308	54,548	353,825	6.486	-46,176	301,017
85 Scotia	178,271	1,166,473	6.543	230,540	1,507,425	6.539	-52,269	340,952
14 ITG	950	6,381	6.717	67,588	409,261	6.055	-66,638	402,880
1 Anonymous	827,699	5,367,498	6.485	1,132,422	7,329,368	6.472	-304,723	1,961,870
TOTAL	3,936,955	25,699,070	6.528	3,936,955	25,699,070	6.528	0	0

[Buriedincxr1]

It has been nothing but bad news since May12 this year. More bad news is just the norm here and expected as Concordia is unraveling.  Judging by the high daily volume considering the tradable float is under 40 million shares it's mostly day traders and shorts that are in control and this won't change as no real funds will touch this unless good news starts to come out, assuming there

[InsiderTrader]

Disagree because I was trapped in the news of a buyout in June.  And that was bad insider news and just a way certain institutions dumped.  So I don't really trust the theory "if share price moves up that means its good news" story - at least not with this stock.  

[Buriedincxr1]

Many were trapped in the fake buyout news.  But if we see another three days of upside then My opinion is that constructive news is close.  The fact that there are no more positive rumours is actually a healthy clue since every positive rumour has been a fake out.  As a matter of fact if I hear any rumours of something positive is soon to come, I will short the hell out of this

[heavyvolume]

Buriedincxr1, I agree 100% with you on this post.  If we see three days of upsides after these last two days, that will be a call to go long.  Right now, sidelines or short is the place to be.

[InsiderTrader]

I am having trouble following your logic that 'if you hear something positive you would short it'  And your statement that no positive rumours is really good news is even harder to follow!  Wouldn't you say that your earlier statement (which you brought up) that the CEO may have had a marjin call and could be ejected if he lost his shares  - is that not what you would

[Buriedincxr1]

I'm not sure if Thompson losing his shares is good or bad for the SP.  so I don't consider that to be a good rumour.