CIBC continues to unload for whatever he can get off the bids. It would seem that it is basically a buyer's market at the moment and that as such, anyone who does want some stock might just as well throw up a stink bid and possibly get filled as this seller unloads over the day or week or month. As I see it, they simply come in overtop of the asks that are sitting on the level2 depth, and sell.

Reminds me of the activity we saw all through May. Funny how it stopped shortly before the early June run?

Whatever it is, there is a point where we will settle in, like the .50-.58 groove we lived in for oh so long. Some will see that as support and possibly a price point to habitiate as a bid/entry point. Who knows?..... we will see how hard up our CIBC seller is, eventually laying out a new bottom as we struggle with an SP erosive "news void"

IMHO of course............good luck picking the bottom