GREY:GYPHQ - Post by User
Post by
red911on Feb 21, 2012 9:35pm
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Post# 19564462
Selling...
Selling...The selling here has not been broad based. CIBC has been solely responsible since the mid-20s. TD has been the sole distinctive big buyer. Short history does not indicate a large change in net short position (but they don't tell you much most times). The selling has been characterized by huge numbers of 500 share 'hit the bid' transactions, hundreds in a single day. IMO very bizzarre definitely not retail trading patterns, without a doubt. No idea what it all means. GGN is also widely held, Many have also referred to it as tightly held, Is GGN being played by the pros or is this a legitimate liquidation by a large holder via CIBC? Acumen clients trade through National so its not likely any of them. The relentless selling has been originating on TSX, not in US, so that would rule out Roth clients. Insider reports don't indicate insider selling. Therefore, who is behind all of this selling and subsequent tanking share price?