posted on
Oct 15, 2012 02:49PM

Solid foundations. New horizons.

Message: Re: CIBC
catso
That past one trade that Mark first referred from $1.45 to $1.41 on the bell made by CIBC made me think it was a short mark-down. If they had a real position that they were unloading, why would they want to close it down from $1.45? Maybe, it was just a stray retail order, maybe not. Anyway, they are providing shares to stronger buyers. If they are adding to an existing short position then they have no idea what trouble they're getting themselves into, IMHO. Or maybe, it's one of our hammock swinging directors unloading, as 200,000 shares of options marked at $0.74 is approarching expiration.
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