CXRX is open today and it's down -4% already!This is one of these rare days when I get to stay home and watch the US markets since they are open and it's a national holiday for us so I have the day off.
CXRX is in bad shape. Low volume and the main MM has a move the floor to $4.24 USD and the ceiling to $4.45 USD. The MM keeps pulling the floor to get bagholders to support this? Anyone watching Level 2 on CXRX? My trading buddy "refuses to look at the markets when they are closed". I argue they are half closed. He's taking the day off. I'd be curious if there are any daytraders here who can comment on these observations?
$4.24 USD is $5.59 on CXR!
Gap down tomorrow on CXR?