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"Claude Resources Inc is engaged in the acquisition, exploration, and development of gold and other precious metal properties. Its projects include Seabee Property and various exploration properties located at Laonil Lake. It also owns Amisk Gold Property."

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Claude Res Inc > CIBC World Markets continues to sell off

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Post by Lookin_2_Score on Feb 03, 2014 1:11pm

CIBC World Markets continues to sell off

This has been going on for a week now.
Is it time to be overly concerned?

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Comment by mysterywriter on Feb 03, 2014 4:51pm

It's been going on for a lot longer than that, and not always CIBC..I've seen all the brokerage houses with some heavy heavy selling over the past 2 years...Mind you many of the other juniors have suffered the same fate...I think you can point the finger directly at the algorithm traders..These complicated computer trading programs can ravish a stock and drive it to the bowels of hell for ...more

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Comment by Lookin_2_Score on Feb 06, 2014 12:08pm

My guess, is another institutional investor bites the dust.

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Comment by mysterywriter on Feb 06, 2014 12:24pm

Also notice that CIBC is the buyer in 90% of the trades... All Algorithm trading in my opinion...Time management came forward and begin defending the company.. but I guess the CEO is more concerned about his retirement for the moment..

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Comment by Lookin_2_Score on Feb 11, 2014 12:47pm

I can't believe CIBC World Markets continues to sell off. Where are all these shares coming from? IMO, the Claude Board of Directors should not allow CEO Neil McMillan to retire, they should fire him.

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