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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 Lumberfeverlong on Feb 06, 2017 2:18pm

What a Ride!

Tried trading this today and almost got caught with my pants down!  Not trying that again!  This is heading to double digits within a month or two at most!
Comment by woundedknee on Feb 06, 2017 3:08pm
Buy and hold this one.  jmo gl
Comment by Johnnysback on Feb 06, 2017 5:18pm
Why do you think that? Because you own it? Did you just draw a straight line on a 45 degree angle going up based on the last few trading days and figure that its going to double digits? I dont own this but have seveal times in the past.... and am just curious... Is this just a short covering rally or is there some substance behind it? Does anyone actually know or everyone is simply happy because ...more  
Comment by Juice004 on Feb 06, 2017 6:05pm
The large volume suggests it's mostly short covering and I think it's based on the news on the last installment being paid out which shorts thought it wouldn't happen and they thought the company would file for bankruptcy. Now they know bankruptcy is not imminent and they don't want to wait it out a couple years to see what happens. Bonds have also gone up in the last week due ...more  
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