A good example of what goes on in junior markets now in Canada. I've been convinced for years that whoever trades through CIBC is a US hedge fund and I always suspected they manipulate many junior stories in Canada over the last 4 years as well as trade on US exchange doing the same thing. Today being a US market holiday for the July fourth celebration they kindly placed a 100,000 sell order (probably a naked short sell) this morning at 7:22AM just far enough above the market to not sell anything but clearly send a message that we will be back on Monday and don't get any ideas about moving higher while we party. This sell order stands out like a sore thumb and is very obvious, any regulator worth their salt should request from CIBC who the client is and why such an outsized sell order.

No retail investor on the planet nor most funds/institutions would place such an order nor would any investment firm take it under these circumstances (holiday in US & such an outsized size in low liquidity day with most CDN players also taking the day off) but a US hedge fund who does lots of business with the CIBC bank can get away with it. I woud bet they placed similar type orders on other CDN junior stocks this morning or left algos to work if required.

:AUM Market Book By Order 08:30:03