High River Gold Mines Ltd HRIVF

CIBC starting to turn

[cjsell]

I have been watching all moring, and buying. House CIBC has done 90% of the selling and 25% of the buying, and the buying has been happeing for the last hour.

All of the other trading is just noise. CIBC has been power selling for the past couple of months. I kind of suspect they are scaring the crap out of retail traders and keeping the price in range bounds. We will know by Friday how the IPO went. Personally I hope Mordashov and his team chokes. HRG will if anything sell at a premium when compared to the other assets Nord Gold has. Biggest single producer, best new mine coming on stream.

CJ

House	Bought	$Val	Ave	Sold	$Val	Ave	Net	$Net
79 CIBC	587,945	685,295	1.166	1,655,100	1,947,146	1.176	-1,067,155	1,261,851

[katchum]

This is just the thing that happens mostly with biotechs, they short the hell out of you and then buy everything up. Example: AVNR before approval date.

[espressostretto]

I don't know anything about broker tactics.  But I suspect what is done is a lid is kept on at a certain level, they let the asks build up then collect all the shares, or maybe just wishful thinking for the short term.  Buying in small pieces the past few days I got the sense that there was a blatant lid being kept on it or maybe it was an iceberg ask?  I'd hit the ask a few