CXR in IBB
Slightfan is right. CXR is a member of IBB.
That is not good.
CXR is now linked to IBB.
If IBB goes to 250 then CXR will also drop.
If it stays at 300, then there is no way CXR will ever reach $100.
The US computer trading and their algorithms are the kiss of death.
If IBB drops $1 during the day, all stocks in it drop accordingly and vice versa.
When CXR reports great earnings, they may start $5 higher than thier previous close but on a bad IBB day, they will come down that $5.
Worst thing was CXR went to the US. I guess CEO couldn't get financing here.
Look at CSU. Totally traded in Canada and has gone from $50 to $600 without a hitch.
CXR not only has to put up the numbers, they also have to hope IBB goes up.