Ahh Canada - 2 out of 3 ain't bad Message Board

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Strategies & Market Trends : Ahh Canada - 2 out of 3 ain't bad

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To: axial who wrote (5135)	11/13/2016 1:33:09 PM
From: Cush	Read Replies (2) of 5144

Hi Jim, Here is chart showing the PLI performance versus a couple of BioTech indexes and the S&P 500. You can see the PLI run-up while the Bio indexes were falling. There could be many reasons why there has been a big sell-off for PLI since mid-October. It may well have been a large fund or two shorting the stock with the expectation it would track down with the indexes, or perhaps some fund or wealthy individual selling for their own reasons; balancing holdings, estate settlement. Who knows? Edit: I can't seem to get the Performance chart to show here. It shows a large divergence in the first half of October when PLI outperformed the indexes by about 18%, then last half of October PLI came back into line with the index drops. In November, as we both know, selling (shorting maybe) has continued for PLI while the indexes have gone from down 12% for the period since Sept 16th, to about even. If you go to StockCharts.com the Performance Charts are free to access on the opening screen, I think. Where they list a variety of sectors you can type in whatever stocks you wish to compare. I was using $SPX,IBB,$BTK,PLI.TO The cursor at the bottom lets you run back any period you want. Cush

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