Comment by
Rookie89 on Oct 31, 2016 12:02pm
how about the fact there are 11M shares that need to be cover at some point and the way this thing traded last week on just rumors (21M shares traded that day so you telling me shorts were not scared at all that day). Just imagine if they have actually just one good news cuz they are priced according to all negative things right now.
Comment by
DeathPool on Oct 31, 2016 12:24pm
Nah. It can go lower. Much lower.
Comment by
Rookie89 on Oct 31, 2016 12:48pm
The way I look at it now: Downside is limited from $3.40 to $0.99 but the Upside is to infinity lol (One can always hope) No, seriously this should be back above $10.00 with a new CEO and decent earnings.
Comment by
Craigbad on Oct 31, 2016 12:52pm
No potential damage from lawsuits, Cma or health bill reflected in guidance yet. They won't escape all three. Insiders still selling. Will be very hard to find a Ceo with the train already derailed heading into the trees. Good luck with that though. After UK bill passes I expect targets revised to $1-1.75 range. Just a matter of time with all the flashing red flags here.
Comment by
Rookie89 on Oct 31, 2016 12:55pm
Well, I guess we wait and see but lucking its only 5 more days to earnings
Comment by
DeathPool on Oct 31, 2016 1:10pm
"Lucking" ???? Who are the rats dumping? Perhaps they know something before earnings?
Comment by
Craigbad on Oct 31, 2016 12:31pm
The lawsuits are just starting, the Cma just started an investigation and the Uk health bill seems directly targeted at the company. Its just a matter of time before one or all of things wipe Concordia off the map. The stock is certainly tradable but I don't know any long term shorts who think they'll ever "have" to cover. The equity is worth zero imo.