Concordia Healthcare Corp. T.CXR.R

iShares Nasdaq Biotechnology (IBB)

[1health]

iShares Nasdaq Biotechnology (IBB) Today comes to augest 2014 level.

[puma1]

the 1000 day moving average for the index is about 240 so we are skidding along this level for a bit. it just touched the 1000 day average in 2011 when we were facing the same issues - deflation and loss of growth expectations. that drop was reversed with QE in the US. we have QE in the Euro and more in Japan now with analysyts suggesting the Fed will QE in Q4 2016 or Q1 2017. it dropped below

[sunshine7]

iBB falling down this am. What happened? Did someone discover a cure for sickness or old age? Meds no longer needed?

[1health]

U.S. ISM non-manufacturing PMI falls to 22-month low in January Financial conditions have tightened since the Fed raised interest rates in December, New York Fed President Bill Dudley said Wednesday, according to a report from news service  

[select1011]

This post has been removed in accordance with Community Policy

[cavinsin]

Hard to understand this price fluctuation, with very low volume, Cant figure it out.. anyone can??

[Marcel7]

Whole market is dragging us down. Not CXR specific. IBB getting hit harder than other sectors, but lots of red today everywhere.

[sunshine7]

lots of 100 share blocks moving this. Implicates the algorithm momentum traders. Having a stop loss set at this time is foolish IMO.

[marketwatch2011]

It is mimicking VRX 100%. Fundamental differences between the 2 companies at this point in time do not matter. When VRX goes up CXR will follow. 

[LuckyLuke1]

Some people will say CXR.TO is correlated to IBB, or VRX.TO, or HSU.TO, mylself I did astonish discovery that CXR.TO is more correlated with the weather. Imagine spring in two months.

[argentia77]

I think IBB still has a way to go before it bottoms out somewhere near 150.  i.e. it might very well fall by the same per cent (40%) as OIL ETF has dropped since the collapse of oil prices in 2015. Why would it follow OIL?  Because in the big picture, the whole world economy will be infected by the collapse of oil prices. If CXR follows then it could see a bottom somewhere

[select1011]

This post has been removed in accordance with Community Policy

[argentia77]

select 1011, well I hope you're right and I'm wrong. As you say, the congressional committee guns are aimed at price-gouging healthcare/biotech and the bad press is casting the entire sector in a bad light. IBB is down 33% since it peaked last summer at 398. As you noted, CXR fundamentals are great and it has huge upside potential else I wouldn't be invested in the company.  

[puma1]

That is so far below the 1000 day average it just doesn't make sense in the context of more than 10 years of the IBB. The 240 range is that skid mark. The Dow is also skidding along there just like in 2011 when things were about as rough as now imo.