I sure love Seeking Alpha articles. From January 16th when that article was published, TC actually tripled in price. I wish the author could point me to other "dead and buried" companies like this one!
Dragged down by VRX for now. We'll have to wait for CXRX to decouple from VRX to really reach full stock price potential.
Congratulations to those who can see through the noise and are making money with this. I'm sure there's still lot of volatility ahead but I'm convinced longs will get rewarded if patient enough. I personally think shorts did a great job and not only made money, but allowed longs to get cheap shares.
That's the beauty of shorting. Your loss is potentially infinite. With the 300% gain of PLG in the space of a few weeks, I'm sure at least a few shorts got burnt.
I learned a long time ago that there's rarely much logic on Wall Street in the short to medium term, but in the long run things always balance themselves when there's fundamental support.
Honestly I'm not worried about the future. Keep in mind that VRX is down too, so there's the biotech negativity effect in play also. Also, an overall market meltdown (which is very possible in my opinion) would also bring us down. Expect lot of volatility over the next few months. As for me, I'm long and I'm not selling until next year at the minimum.
Also, maybe it's all about debt and stock will only start going up when debts starts being serviced. I don't see this as a problem but we might have to be patient on that one.
It seems sector and overall market fear takes priority for now, use it to your own advantage. I'm really surprised because I thought these results just confirm that CXR is not to be mixed with VRX, but I guess overall market doesn't agree yet.
I don't even understand how a CAD$21 offer has a chance of being accepted by a majority of shareholders, so the idea of a lower offer going through is even more remote to me. Any offer under CAD$25 seems like a ripoff to me.
FYI, the CEO could fall off a bridge and it would not even put a dent in Amaya's revenues. Good luck shorty ;-)
Yep, I would not be surprised if they are currently recruiting lot of disgruntled employees from "toxic" biotechs like VRX.
Man, I had a bunch of shares @ 1.16 and sold @ 1.70, if the company is sold for $7/share next month I think I'll hang myself ;-)