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

TSX:CXR.R - Post Discussion

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Post by deezNutz on Nov 24, 2016 11:03am

Long haul?

I hope all the longs here are just trying to make a quick flip. Look at the chart, this thing is dead, lower lows ahead. Don't go against the trend guys. What is love to know is what the people pumping this thing on the billboard got it at? Whoever was pumping at $60 $30 $20 $10 are long gone now I think. If you were fool enough to buy 1yr-6month ago I can certainly guarantee you wouldn't be on the board bragging about how your re-upping at $3.5. Longs are a joke in this stock. It's obviously going to zeeeeerroooooo. Next stop $3 $2.5 $1 then finally 000000000
Comment by greatplay on Nov 24, 2016 11:10am
It's true the baby is going down and there's a valid reason for it to go down to the level, but you are making a wrong assumptions now...  Now it can go either way, up or down... that's stock's volatility
Comment by deezNutz on Nov 24, 2016 11:28am
Ok, you say it could go up or down, and I agree in the short term, but longer term 2month to 1yr his bad boy is going sub $2 again possibly down to zero. But that's not to say there's only money to be made in a short play. Of course there will be some pops worth trading but in the end it's going down. I'm clearly short with a exit planned for 2-3month. I doubt it will ever get back ...more  
Comment by greatplay on Nov 24, 2016 11:48am
personally I think it will finish building right shoulder, if the same what is going on TSX will materialize on Nasdaq tomorrow, right shoulder will be complete. The only thing left will be, to break a neckline, it's around $3.3 US now.. (if you draw a line from left shoulder to right shoulder, it's a down-slope; usually chartist prefer up-slope, but still it works the same... then from ...more  
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