Concordia Healthcare Corp. T.CXR.R

Please help me

[S2hadi90]

I put in all my money into Concordia. My average price is $22. I just want to get out of it. I'm so scared that I'm going to lose my money. If I do I'll be broke. I can't do tax loss because I dont have any capital gains. 

I have 4,681 shares. If I sell it at $3.20 . I'll get back $15K. If I buy it at $1 like the analysts are predicting and it goes up to $7 before becomes bankrupt then I'll be able to get my money back.

Anybody experienced. Please help me. That's a ton of money to lose. I feel like dying.

[Lumberfeverlong]

No one here in good conscience can tell you where the share price will be a year from now. All I can say is that the chances of bankruptcy during that period are slim to none. Likely will not see $22 for several quarters. I would put stop losses in each time it rises and buy back on dips and hope to make your money back trading the stock. Not easy mind you.

[S2hadi90]

Thank you, lumber for responding to me.  So if I sell monday at 3.20, and buy back at 2.27, if I do that twice then I could bring the price down to $12. the risk is, if I sell at $3.20, it might not go down to $2.27. And I'll have realized my loss. 

[MOJOJONO]

Superficial loss rules. To get full tax loss you need to take the loss for 30 days. You COULD buy it back before then, but it would be considered a superficial loss. https://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/rtrn/cmpltng/rprtng-ncm/lns101-170/127/lss-ddct/sprfcl/menu-eng.html Dude. Hope you realized that you said you're scared of losing everything, but now you're doing the

[S2hadi90]

Guys, I'm not planning on putting more money in.  I'm taking my 4,681 shares, selling it at say $3.20. Then waiting until the SP goes down to 2.27 to buy again. If I do that, I'll have 6,598 shares.  So just by doing that once my avg cost will decrease to $16.  I'm not putting additional money into it. just working with the original shares i have to reduce my avg

[MOJOJONO]

You're chasing CXR out of desperation and that is not a good way to go about with trading. You aren't putting additional money, but you cited the primary fear is going broke. By remaining within the stock, which you call a bad and unethical, and chasing swings in volatility you risk losing the rest of your money. Actually, reading your final sentence you should definitely seek some

[RodneyCameron]

You make a very good point MOJOJONO. I am a twitter user and what is obvious to me is that thereis no bull thesis for buying Concordia, just some traders trying to hump it to $5. The US market has hit all time highs for the third straight day in a row.... people who think they can "average down" into a break even (at best) are just fooling themselves (or trolls here and getting a laugh

[RodneyCameron]

And... I should also mention that I am not short or long, but if I was a gambler I would bet against CXR. If they had some good news they would have said so in the November earnings call - why shoot your equity in the foot? RodneyCameron wrote: You make a very good point MOJOJONO. I am a twitter user and what is obvious to me is that thereis no bull thesis for buying Concordia, just some

[GenericAdvocate]

RodneyCameron wrote: You make a very good point MOJOJONO. I am a twitter user and what is obvious to me is that thereis no bull thesis for buying Concordia, just some traders trying to hump it to $5. The US market has hit all time highs for the third straight day in a row.... people who think they can "average down" into a break even (at best) are just fooling themselves (or trolls here

[S2hadi90]

So by monitoring the stock constantly. I would have to trade 10 times like that (buy at 2.27 sell at 3.2) to avg my cost down to $4 so I can get out of this ugly, disgusting and unethical stock. 

[DeathPool]

Is that what you are doing Lumber?  Buying more on the dips?   Anyone who has listened to you over the last twelve months on this board has lost money all the way down from the $60's.  You clearly have no conscience.  

[Bangkokboy]

We've all been there, lost most of our investment on a security. Though, you've should have known better to put all your eggs into one basket.  Not preaching but it's investing 101 and common sense. Feel like dying??? Grow up.  It's only damn money and not yours or your loved ones health/life.  You have hands and a brain, you just have to regroup and maybe employ a

[MOJOJONO]

You say all your money? Is that your gambling money or day to day living money? Hopefully, because of the dollar amounts this is just some gambling money you decided to throw around. Though... your comment about going broke suggests this was your day to day living money........ Nobody knows where a stock is going to go next. 3 main choices. 1) Buy 2) Sell 3) Hold 1) Don't throw good

[DownHuge]

DO NOT CONSIDER BUYING MORE OF THIS POSS UNTIL THE INSIDERS (CEO INCLUDED) STARTS BUYING SHARES.  IF THEY DON'T BUY AT $1.00, DON'T EVEN CONSIDER BUYING BACK.  These boys make millions and millions of dollars.  Until they put their own money into shares, why are you even considering to so with your hard earned money?    The Chairman of the Board Jordan Kupinsky

[DeathPool]

Exactly.  Insider sellilng methodology is the same for any company, not just Concordia.  If no directors are putting their own money to their mouths when stock is at 52-week lows and "such a good buy"  do not purchase a single share ...  unless you are a skilled day trader (and from your post hasta2be I don't think you are...) and use stop losses religously.