RE:Here is why oil is down but not to worryThat Iran deal is tentative but the market reacted by rpicing it in. Not a big difference in oil stock prices because Iran cheat already and their oil flows maximum, sanctions or not.
The reason CPG is down is that it is a good pick right now for shorting or abitrage with others in the same sector which is what I do , that will end soon, just watch because after 12 or so consecutive days of loss in a stock without news , the algos will adjust (law of large numbers, deviation form the meanetc.) and you will likely see another huge jump in one day just as this stock has demonstrated in the past.
Dont forget the price QUADRUPLED in onr year, so forget about getiing rid of management.
I bought lots of long term options yesterday on CPG knowing this.
Its also not a stock that should trade 2.6 million in a normal world like today, its the result and love of arbtrageurs and shorts and it has a popular following, just look at this board.. The volatility index is 58% for this stock in the Montreal options exchange which is huge and commands big risk premiums. That is precisely why its swings are illogical and surprising during each day (just look at the speed of a .15 swing today). that will end once it is no longer a good candidate for that. Usually steady profit cures that. Where traders converge too much it is more a temporary casino. Bitcoin is like that, but CPG is a pretty safe thing not bitcoin.