Concordia Healthcare Corp. T.CXR.R

11 million shorts need to cover all at once

[fundtrader]

350 million financing completion will create a huge short squeeze. Should most likely happen today..get in while you can...

[Craigbad]

There didn't seem to big sustainable jump in the shareprice when the financing was announced. In fact its made a new 52 week low since then. This just puts the company further in the hole, drives up debt ratios and sucks more cashflow with high interest payments. This leads me to believe smart money is getting out. Could it pop because of this "good news"? Depends on how many

[fundtrader]

what do u expect ..when you are under a short attack orchestrated by 4 hedge funds together with tons of cash..criminal in my opinion.mfukers have to cover 11 million shares..stop dreaming..Cohen is buying more shares, he has more money then all these short chumps put together. Short thesis is over..only morons would be short at these levels..

[Craigbad]

I wouldn't call it a short attack. I explained after earnings that when debt to ebitda rose to 6.4 most funds would have to dump and most can't buy. Many people inboxed me and were thankful for the explanation of the long squeeze. It wasn't a short attack nor rocket science. I think its very conservative to estimate the ratio is now over 7 and rising. The is very little room for error

[fundtrader]

really thats why there are 11 million shorts or more then 60 % float is borrowed.. take that bs somewhere else..

[LaticelnExile]

This post has been removed in accordance with Community Policy

[fundtrader]

yeah its called a short attack..

[Craigbad]

[fundtrader]

yeah dint hold..shares jumped 20 c to 5.60 after announcement..could have easily gone to 6$.. BIG BLOCK of 90k shares was put at 5.60..then almost 500k dumped within 30 min.

[Craigbad]

They jumped to the previous days 52 week low? You and I have different ideas of a shareprice jumping. You must watch the the bid/ask quite closely for a long term investor.