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Bullboard - Stock Discussion Forum Concordia Healthcare Corp. T.CXR.R

TSX:CXR.R - Post Discussion

Concordia Healthcare Corp. > People that are short
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Post by personal on Nov 01, 2016 4:05pm

People that are short

You have to be careful on shorting this stock now, Look at what happened with Valeant today, a rumour starts that it is in talks to sell Salient and it goes up 35% in an hour. I presume there was a lot of short covering going on. All it takes is for CXR to come up with some good news like that, and bang, it goes up a similar amount. Be careful on shorting this now. The price came up along with Valeant today on no news.
Comment by BinTraden on Nov 01, 2016 4:20pm
Those that are short just shatt their pants in the last hour of trading today lol that was fun watching that ignite........ VRX demonstrating it's not too difficult to get a buyer and spin out one of their operations for some big coin.   Easy to get negative with all the down days and idiot shortheads on this thread but the vrx news offers some potential insight on how easy a single spin ...more  
Comment by DanKwong1958 on Nov 01, 2016 4:38pm
Bintraden,  I doubt they shatt their pants, haha.  It takes a rumour that Valeant is selling one of its core assets for Cxrx to be -2% on the day instead of -8% on the day!   And I don't think anyone wants Cxrx's old unloved drugs...   at least Valeant has a some assets they can sell (Salix, Bauch & Lomb)    But when you look at it Valeant bought Salix for ...more  
Comment by thedave2006 on Nov 01, 2016 5:43pm
sadly, that song sang when cxr first came off of 100 down to 80 down to say 50 then 40 then 20s back to 40s now down to 4s  not much more to make short anymore so that is the reason for not shorting.  as to any news to cause a spike and shorts run to cover, may not be yet since cxr's financials are due next week and tax loss selling is approaching.  as for vrx rumours well a ...more  
Comment by thedave2006 on Nov 01, 2016 5:44pm
good or bad news out after bell? Concordia Int'l enters second cross-currency swap deal
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