Post by
sunshine7 on Mar 18, 2016 10:32am
So who is selling?
For every seller there is a buyer. If short of buyers, price goes down. I can see waiting to sell or buy until financials are released. So who are the sellers motivated to sell their shares at 4x2016 EPS guidance? Any theories?
Comment by
StockPicker88 on Mar 18, 2016 10:44am
Hedge fund managers who go broke on Valeant with margin. Now they have liquidate other holdings. This is like a repeat of what happened last summer.
Comment by
argentia77 on Mar 18, 2016 10:47am
Who is sellng? Who knows... maybe just a lot of retail investors getting spooked by the VRX fiasco deciding to get out of the pharma sector and put their money into a sector with positive momentum. Timing is everything in the stock market and right now does not appear to be a good time to be in the pharma sector.
Comment by
watchmeplz on Mar 18, 2016 11:08am
I think next week financials are going to really set the pace, not only for CXR but for the whole industry. If financials are strong it should bring back momentum, if they aren't, well...