Today's drop......is due to the Perrigo news (slashing its full-year earnings forecast for the second time causing a big drop in share price) NOT the shorts on this occasion. Just like yesterday's up day was driven in part by VXR's positive announcement. This kind of negative news of course makes investors nervous as this could happen to us longs too on Friday. I have no doubt the shorts are just as nervous as the longs with Friday's announcement as a lot of investors, depending on their investment style, could be significantly out of pocket. I believe CXR will come through for us so I am hanging onto my stocks - all 19,173 - can't wait to get results day over with so I know where I stand with this.
Good luck to all!