Canadian Brokerage House Trading Patterns Message Board

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Gold/Mining/Energy : Canadian Brokerage House Trading Patterns

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To: Cush who wrote ()	3/20/2000 10:18:00 AM
From: Cush	of 20

The stock - Wi-LAN - WIN on the TSE. The companies; CIBC and Sprott. On Feb 17th, these two companies participated in a bought-deal financing for Wi-LAN. From Feb 20th to March 16th- CIBC investors accumulated a further 85,232 shares Sprott investors dumped 368,700 shares March 17th - CIBC issued a one year price target - $200. the shares had closed on the 16th, just above $60. What does it all mean? In that month, Sprott sold approximately 50 % of net shares sold. And, price dropped about $20. Does this mean - beware a stock in which Sprott participates in a financing? or watch a stock that CIBC participates in, and then accumulates? WIN hit $86.50 on the open, Monday March 20th. Cush

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