Relentless selling pressure, undoubtedly fueled via computer sell programs, remains the modus operandi of the suppressor(s) thru these two (usual-suspect) firms.
The table below shows a 3-day composite of -175,500 shares for Jitney(99), and -482,650 for CIBC(79). Today, both firms showed nearly -200,000 share net, so there is no letup thus far; only days before the merger is confirmed.
How nice it would be if these programs are oblivious to the merger and end up being massively short! Might be an early Christmas present.
Silverbull50
|
99 Jitney |
346,500 |
229,420 |
0.662 |
522,000 |
345,420 |
0.662 |
-175,500 |
116,000 |
79 CIBC |
156,750 |
102,425 |
0.653 |
639,400 |
413,672 |
0.647 |
-482,650 |
311,247 |