Post by
fdfd12 on Jan 12, 2016 6:58am
CXR in IBB
Slightfan is right. CXR is a member of IBB.
That is not good.
CXR is now linked to IBB.
If IBB goes to 250 then CXR will also drop.
If it stays at 300, then there is no way CXR will ever reach $100.
The US computer trading and their algorithms are the kiss of death.
If IBB drops $1 during the day, all stocks in it drop accordingly and vice versa.
When CXR reports great earnings, they may start $5 higher than thier previous close but on a bad IBB day, they will come down that $5.
Worst thing was CXR went to the US. I guess CEO couldn't get financing here.
Look at CSU. Totally traded in Canada and has gone from $50 to $600 without a hitch.
CXR not only has to put up the numbers, they also have to hope IBB goes up.
Comment by
zone1 on Jan 12, 2016 7:32am
You know this is bs. Otherwise all stocks would be the same price. You guys are nuts! Nice try though.
Comment by
fdfd12 on Jan 12, 2016 7:41am
No Not BS. 75% stocks follow the IBB and 25% follow their own earnings. Should really be 100% it own earnings but US computers link it ti IBB and we SUFFER. Check the IBB the last 4 days. Now check CXR the last 4. CXR is like, double beta so will move twice as much on a % basis than the IBB. Look and tell me honestly if I am correct. Be honest.
Comment by
argentia77 on Jan 12, 2016 8:51am
IBB has something like 100 companies in its basket. Can you see how many of the companies had their sp increase by, say 100% over 1 year, when IBB stayed the same or decreased over the period?
Comment by
fdfd12 on Jan 12, 2016 9:05am
IBB has gone from 100 to nearly 400 from 2012 to 2015. That is 4 times in 4 years. IBB hasn't stayed the same level in 4 years. In that time, nearly every stock went flying. Now IBB is dropping and every stock is dropping. They all follow IBB.
Comment by
fdfd12 on Jan 12, 2016 9:38am
It is holding true. Remember, I am saying it is all US computers trading thses stocks, including cxr. They are following up ticks with the IBB>
Comment by
Investor198 on Jan 12, 2016 9:46am
we will find out prob by 11:00 that where we stand today - hopefully it is green
Comment by
cashflow98 on Jan 12, 2016 9:49am
/// It damn well better be green...lots of lost ground to make up with earnings around the corner would be good to ramp up and then get a huge jump on Feb.11...
Comment by
investatbest on Jan 12, 2016 9:52am
I've got that date circled on my calendar. Contemplating walking away with 4% today and buying into another dip before then. I lucked out grabbing shares at 45 yesterday. Not sure if I'll get that lucky again before earnings...but who knows! Apparently, all I have to do is watch the IBB pre-market and it will more than likely make me money! GLTYA
Comment by
cashflow98 on Jan 12, 2016 9:58am
/// We wish it were that easy !!! TD shows expected earnings at $1.46 same # as Q3 so really hoping with AMCO included MT is sandbagging and delivers a whopper of a BEAT !!! That should send us into the next leg up range....thinking $60+ but as we saw this past 5 days, will depend also on the broader market. So would be great if we can get back up into the $50 range prior to earnings...
Comment by
marketwatch2011 on Jan 12, 2016 10:02am
Lol. Nice work. The rest of us missed a trade here. Damn this stock is an excellent stock to trade.
Comment by
JustforFun7 on Jan 12, 2016 10:56am
absolutely take your profits on the up days and buy back onthe down days......we are not in a buy and hold market environment once again. JFF7
Comment by
Stockcoach1 on Jan 12, 2016 10:00am
Of course they are. The IBB will follow the direction of the stocks within it not the other way around. Such a simple concept to understand. Like any ETF or mutual fund that represents specific sector will reflect the stocks within it. Does the Dow control the stocks within it or do the stocks within the Dow control the index?
Comment by
cashflow98 on Jan 12, 2016 10:03am
Haha !!! What came first, the chicken or the egg ???