CXR (for it to move up)I say this once a week and sorry for guys who re-read it.
CXR will only move up if MARKET SENTIMENT for pharmas turn
postive from a negative view.
CXR can have the greatest results in the world but that is only 50%
of the equation. Sentiment for pharmas must also coincide for CXR to
get the full $ appreciation for its stock price.
MARKET SENTIMENT = IBB stock/ETF.
We need IBB to base and yesterday MAY??? have been the reversal which is needed.
Bottom line:
IBB now at 264.
(A)
If CXR delivers GREAT results and does $9 CAN and IBB goes to 350, then CXR
will be around $90-$100.
(B)
If CXR delivers GREAT results and does $9 CAN and IBB stays at 264, then
CXR will be around $55-60.
(C)
If CXR delivers GREAT results and does $9 CAN and IBB drops to 220,
then CXR will be around $35-40.
I hope this is clear.
Moral of the story, the worst stock in the best sector is
BETTER than the best stock (CXR) in the worst sector.