"I also believe the PP had a few hickups along the way, evidenced by the length of time to close, the chart action since jul, mid sept, then mid october.
I also believe much of the selling from July onwards was to get the price down to 1.20 to effect a 1.00 price, most of these (unlikely) sellers ie CIBC will probably refill their share holding with subscriptions from the PP."
Cal, excellent recap on trading. The failure of sellers to penetrate the $1 mark was a clue: it never happened.
Does analyzing summer/fall trading in light of the financing explain all the activity? Which sellers, acting with knowledge of the financing, will be back, IYO?
Would you say, for example, that Resolute sold to buy back in, or just sold?
CIBC dropped off the map after March, only to re-emerge, big-time, in July.
Assuming Dimethaid achieves its promise, it was a great buying opportunity - far better than the RO.
Regards,
Jim |
