Concordia Healthcare Corp. T.CXR.R

Short interest down to 6,303,868

[Rookie89]

1/13/2017

6,303,868

925,247

6.813173

So I guess all the smart shorts are leaving this company alone finally. 

Just need one good news to make CXR great again. LOL

[BaytexBull]

Actually its too bad that the short interest is down ...  I guess some closed out or closed out part of their short position probably because the last $2 bucks probably doesn't mean to much for some shorts But I was really hoping for a violent short squeeze and I would have considered buying this POSS again  ...  but now it looks like like a big short squeeze its not going to

[Craigbad]

I think you'll find that most of the larger bids are just shorts scaling out, not chasing the ask. I had a target of $2-3 to cover half my position this year so half will be covered at $2.50 just to take profits. I'm sure many will ride full positions to zero, but never hurts to take profits. The company still has many headwinds and likely won't be around in its current form in the

[BaytexBull]

Agree with you, Craigbad.  Congratulations.  Great Call here.

[Lumberfeverlong]

I call bullshit on this bromance exchange attempting to explain why short interest is steadily declining.  If shorts really thought this was going to zero, they would'nt cover and miss out on over a 200% potential return. Institutional and smart retail shorts are covering slowly to avoid creating too much demand for the stock which would result in them having to cover at

[DeathPool]

Now lumberfeverlong is giving lessons to the bullboard on short covering.  LMFA!!!! I thought I had heard it all by the Big Bagholder..  but he never ceases to amaze me

[Craigbad]

Yes I believe Lumber was saying smart shorts are covering since the stock was $30 or $40 bucks. He's a true expert on the matter! Lol Technicals are horrible, there is no earnings momentum, debt worth more than the assets and I expect further writedowns/ heavily reduced cashflow. Not many funds look at putting client money into a company on the basis that it might not go bankrupt this year

[Lumberfeverlong]

And there are much better shorting opportunities than CXR at these levels.  No one has visibility on earnings going forward.  Any momentum on that front will have to wait until Q4 ER or later.  Any positive developments on that front will make this stock a very good risk/reward story for longs from these levels and a horrible risk/reward opportunity for shorts from here. Again,

[DeathPool]

There you go again, lumberfeverlong, giving shorts advice on "better opportunities than CXR". This stock is down 2% - 4% (today) and that is amazing !!!!   I personally can not think of a more consistent short relative to other dumpster fires. If you actually follow the prescription data you may have a less optiministic view of Q4. Lumber, I don't think you understand the

[BaytexBull]

I agree somewhat and wish I had the balls to have shorted it.  2%, 3% 4% or today 4.5% down is still 4.5% down, regardless of  that fact that it is already down 94%.   Funny that the bulls are saying there are better companies to short.  This one doesn't even go down with a fight - even Valeant has a good rumour every now and then or cartoon network appearance to send the

[Shortingtozero2]

Good post DP.  If the stock is down 2-4% every day, it is a tremendous short.  Posters who say it is not worth shorting are only serving their own confirmation bias. Great investors have a tendency to look inwards and expolore their own emotional reaction to the market.  They review mistakes in earnest and striving to learn from them to avoid repeating them.  Many bagholders

[martir0]

This post has been removed in accordance with Community Policy

[Shortingtozero2]

Lumberfeverlong, shorting a company that is already down from its top is actually more successful than trying to time the top.  Often, if a stock has dropped because of a fundamental factor, such as in the case of Concordia, things tend to get worse and worse, and when the debt exceeds the assets, usually terminal.  Shorting a stock from $5 to 50 cents is still a 90% drop any way you

[Lumberfeverlong]

That is ridiculous logic.  I bet you would never make an analgous argument for a stock at an all time high after it has had a fantastic run such as CXR had a couple of years ago.  The point is the doomsday scenario is far from being confirmed and that is what has to happen for shorts to make the returns you are alluding to. the stock is already trading at option value.  It certainly

[Shortingtozero2]

How do you know?  Are you an insider?  

[Shortingtozero2]

Your only bull thesis so far lumber has been that the company is not close to bankruptcy.   Say that outloud to yourself, and think about that for a minute or two. It is not a strong bull thesis ...  especially in a market that is setting all-time highs this week and many companies reaching 52-week highs.  Have a great weekend.  

[DeathPool]

Only down 4% so far today lumberfeverlong  ....   Just another day  ....