Post by
Daudau11 on Sep 13, 2024 10:09am
Hits after hits on Small Caps
Unrelated to DRX, but I just noticed a trend for profitable small caps that did fairly well this year. Yesterday DRX dropped like 20% on good earnings release and I felt someone/fund was just hitting the bids no matter what the price was.
Today the same thing is happening on CPH.TO and this time there is no news and it dropped more than 30% near opening.... wtf is happening and who are those idiots??
Comment by
microcaphobby on Sep 13, 2024 10:25am
Thanks for pointing out the selloff on CPH. Maybe a private investor who held large positions in both decided to dump. I can't imagine a fund selling recklessly.
Comment by
Daudau11 on Sep 13, 2024 10:44am
np, I own both so for me yesterday I got hit on DRX and today CPH... this is really noticable especially the magnitude of the drop for CPH. Wonder which of my stocks will now get hit on Monday.....
Comment by
manucastle on Sep 13, 2024 10:53am
EMAIL BULLETIN : CPHRF (CPH.TO) Shares Dragged Down by Partner Moberg’s Lowered Expectations on Primary Endpoint for Nail Fungus Treatment (MOB-015); LFVN Fireside Replay Available
Comment by
Daudau11 on Sep 13, 2024 10:57am
Thanks for sharing, so there is news related that caused the selloff. At least then it makes more sense.
Comment by
jimrabbit on Sep 18, 2024 9:19pm
Most trading is done by computer programs you need to ask the person wrote the code why they are selling.