Jim/Dave,
I'll respond to both your messages.
First off, "are we in another draw?"
That's a tough question, though based on the activity at the moment I would lean toward yes. Ever since the Three Amigos became the Four, Five or Six Amigos, it's become tough separating normal retail trading from potential Amigo trades.
There are some trades that leave Amigo finger prints and unfortunately I am still seeing some. That does not necessarily imply that a draw is definitely on. The Amigos started selling a couple weeks before the last draw period officially began, so it's very conceivable they could be selling afterward, for a week or so.
In the next week we should know for sure.
As for CIBC, Jim, again I have to say that unfortunately those trades seem to not have Amigo finger prints on them. 80% of them are market sells, creating new down ticks. There has been some CIBC selling on a side tick or up tick, though it's been minimal. They may very well be an Amigo, but those sells last week and today did not seem Acqua related.
Hope that helps. Probably not what either of you wanted to hear.
joe |
