More patience neededFollowing the outzied 50 bps rate cut by FED, IWM - Russell 200 ETF is up 2% today, as are most Small Caps in US and Canada.( HPS.a, PRL, TVK and many others). DRX , on the other hand, seems to be an exception, which is going the other way with another 2% drop, in today's trading.
There, still seems to be many investors/weak hands ( or algo traders ) who continue to push the stock lower.. We need more patience though, as the selling should dissipate and trend could reverse, as we get closer to next results in early Decemeber.
US Elections will also be done by then providing more clarity to the direction of signing of new contracts.