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Concordia Healthcare Corp. T.CXR.R



TSX:CXR.R - Post by User

Comment by Marcel7on Jan 11, 2016 2:38pm
161 Views
Post# 24447209

RE:RE:Health Care market down more than oil

RE:RE:Health Care market down more than oil
Investor198 wrote: CXR clearly victim of short/naked selling again  - hopefully $25 wont repeat again if it does i m ready to buy @ 25
Oil stocks are less down than healthcare


I am not sure if it is so much CXR as the entire sector. Last Thursday you saw a very large percentage of volume for IBB was short volume. 

Here is the data on Nasdaq and NYSE alone (not including BATS exchanges):
20160107|IBB|663265|2447|892638|Q
20160107|IBB|183350|300|259743|N

1st number is date, 2nd symbol, 3rd short volume, 4th short volume into a downtick, 5th total volume, 6th market. Normally the ratio of short to total for IBB hovers at or around 50%.

A good portion of the movement in this sector is not related to the overall market slump, it is an outsize reaction due to the short selling. Now it is entirely possible that this isn't a short attack per se, but could also be some larger firms hedging their position against an overall market drop. However, whichever one it is, these shares need to be bought back at some point.

Marcel

 
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