Concordia Healthcare Corp. T.CXR.R

Not a good time to sell

[PROtrading]

Just sayin.  If you rode this flaming trashcan to these levels, well, there's a reason for that and it's not because the shorties got real lucky on this jackpot of a bad stock.  I'm really not sure which one is worst, Valeant or this turd.

There's some fundamental reasons why and the shorts were right.  I made more money shorting this turd than going long but....

Now, if you're a lot time holder, take it as a lesson.  The real Pros were at this for years. But if you look at the trading, a spike in Feb followed by a long drawn out selling to capitulation today, well, something is interesting with this stock but more from a trading than investment perspective....

[Kazinsky]

PRO, I hope you trade with a stop loss.  When they announce restructuring it will go into the centsies.  The bond market is saying its bankrupt and bondholders will only get cents on the dollar.    55% Yield ....   OMFG!    Just announce already Oberman and end the pain 

[PROtrading]

Different schools of thoughts on this.  Stop loss are like having an auto-pilot/auto ejection seat. I generally prefer to have my finger on the button :-) My read from today is the shorties leveraged the Valeant junk to drive a "stop loss attack"  How many had "$2, that's it, I'm OUT" as a short stop. You short here?  Question for you, would you short

[Health123]

Word is out is my guess. And I know the question wasn't directed at me but yes I would be still short and short more - but my crooked investment banker called in my shares at 2.50cad I would guess the S&P will re-rate the first lien notes and then it will go down into the cents if restructuring isn't announced by then. Either way, its cooked and there is no interest or volume for a

[PROtrading]

"Word is out"???  Really, isn't that illegal!   OK health, I've never call BS on your posts but I will call BS on this one.  I admire all short sellers of this flaming dumpster, including myself!  Why did the trash can flare up in Feb huh? But really, you have no posistion and are just here for fun? Come on. Ask some of the regular full timers on this sad

[Health123]

PRO:  Don't accuse me of BS.  That is not what it means at all.  Word was that Cohen (Point72)  had a short box against 5 million shares.  I believe that is wh my shares were called in and others too.   When the Bonds are trading  at a 55% yield it tells you that restructuring is going to happen.  If you are on the wrong side of the trade when it is

[Health123]

I forgot to label the chart - yesterday's Concordia bond prices   2023 notes bid at 19.5  cents on the dollar says BANKRUPT BABY

[PROtrading]

Health, is your first name Kellyanne cause you're not answering the questions. LOL But I'm sure it's not because you're non-answers are good anyway. ;-) Look, we all agree this is a flaming dumpster but it's still here!  The markets being the markets, you can never tell what's going to happen and this thing having survived this long is a HUGE mistery to me.  Why

[Health123]

PRO, Its not worth the time to answer your questions.  Its a zero, that is all you need to know.  Sounds like you are trolling

[PROtrading]

Ok KellyAnne ;-)  Really curious why you are here with no position.... hummm...

[Health123]

Shorting it with bear call spreads, if you must know.  Happy now?

[PROtrading]

Thanks you.  See, I was right about you.  There is no shame to being short you know.  Hiding the fact is what gets me goin...  That's the type of garbage that gives short sellers a bad name... Still no bites on the $35% gains in Feb and 90% gains in November huh?  I'm here more for "spike speculation" than the investment.  Totally agree on the long

[RodneyCameron]

I think your question was answered.  Steve Cohen had a 5 mil short box on his equity and short shares were called in by investment bankers at that time.   I recall it was impossible to get shares to short so I think the explanation was correct.