Todays volume If my computer screens are accurate , looks like 2.7 million shares on Toronto and 7.4 million on NYSE. Pretty impressive volume with only 185 million outstanding . Youd have to think that only a small part of this is retail. Institutions are finally bailing.
However I would expect another 10% haircut is in the offing short term , which brings the SP down to mid 6s. My call for $5 some time ago may yet be reachedf. If it werent for POG over the last 12 months , can you imagine what things would look like today??