RE:RE:NOT SHORTSStockcoach1 wrote: fdfd12 wrote: For this week.
CXR TSX IBB
-8.5% +2.8% +1.4%
For 2016.
CXR TSX IBB
-27.4% -4.8% -14.9%
Looking at these numbers, for the whole year, CXR
has been double beta of IBB.
For this week, I have no explanation.
I AM SORRY BUT....
Saying it is the shorts is a LAME excuse.
Tell me boys, why would the SHORTS come pick
on a stock that is 4.5 X this year earnings.
Isn't VRX an easier choice.
Shorts are smart people. They wouldn't pick on a stock
that is fundamentally great.
They only pick on stocks which have deteriorationg fundamentals
or are frauds.
Fd- to answer your question, my broker told me yesterday after speeaking to his floor trader that there are currently just over 2.5M shares shorting CXR.
Secondly you ask why CXR? One of the biggest reasons is the small float. Subtract the company insiders, Cinven, institutional holders, funds and CXR becomes an easy target to manipulate with a few million shares in any direction. They just set up the computer trading alogos and this the result. They are indiscriminate, and they will pick on any target that makes them easy money.... fundamentals aside. In fact shorts have completely destroyed sound fundamental businesses in the past.
That is one professionals opinion ....take it or leave it.
For CXRX on NASDAQ (latest published figures):
| Short Ratio (as of Dec 31, 2015)3: | 6.99 |
699% is very high from what I understand.