Man talk about a gap between the Bids and the Asks
CIBC being the perpetual seller, once again shows us how to knock nearly 12% off a stock in a mere 5 trades. (only 25K or so)
It is my observation that it is usually CIBC that either hits the bids or often shows the market the intraday low on the day as seller. Often I wonder if this is the result of using company stock as payment for services etc. The company prides itself on cash conservation policies that uses shares for services rendered or land acquisitions in the past in lieu of cash. Is this coming back to bite us now? Why is it that there is constant selling from this house? If you doubt it, look at the previous post showing house positions for Dec/Jan/Feb and see that CIBC is often at the bottom showing a negative net. IMHO
Here's todays "action"
| |
Price |
Size |
Time |
Buy |
Sell |
| |
0.265 |
5,500 |
12:49:32 |
CIBC World Markets Inc.PO Box 500 161 Bay Street Toronto, ON M5J 2S8 (416) 594-7000
079
|
CIBC World Markets Inc.PO Box 500 161 Bay Street Toronto, ON M5J 2S8 (416) 594-7000
079
|
| |
0.265 |
9,000 |
12:29:18 |
CIBC World Markets Inc.PO Box 500 161 Bay Street Toronto, ON M5J 2S8 (416) 594-7000
079
|
CIBC World Markets Inc.PO Box 500 161 Bay Street Toronto, ON M5J 2S8 (416) 594-7000
079
|
| |
0.27 |
1,000 |
12:29:18 |
Scotia Capital Inc.P.O. Box 4085, Station A Scotia Plaza 40 King Street West Toronto, ON M5W 2X6 (416) 863-7411
085
|
CIBC World Markets Inc.PO Box 500 161 Bay Street Toronto, ON M5J 2S8 (416) 594-7000
079
|
| |
0.27 |
5,000 |
12:28:24 |
Scotia Capital Inc.P.O. Box 4085, Station A Scotia Plaza 40 King Street West Toronto, ON M5W 2X6 (416) 863-7411
085
|
CIBC World Markets Inc.PO Box 500 161 Bay Street Toronto, ON M5J 2S8 (416) 594-7000
079
|
| |
0.27 |
5,000 |
12:28:24 |
|
CIBC World Markets Inc.PO Box 500 161 Bay Street Toronto, ON M5J 2S8 (416) 594-7000
079
|
