Lest We Forgetthat CXR was trading up to $57 before the beginning of the year market meltdown. Add to that the VRX fiasco(s) and shorts piling on = opportunity for new investors. Since then, we have had earnings clarity, product releases, product acquisitions, hint of a potential buyout and a 40% recovery in just a couple of weeks.
It is normal that many of these new investors sitting of good trading profit will sell into the rise in SP and I would hope that the shorts make good use of their opportunity to cover their position whether by options or shares.
Its all good because there is something for everyone as we climb the wall of worry. Enjoy the weekend.