RE:Over-boughtNope look at the price history. If the shares traded more than 1 million consistently like at least 2 plus million maybe. Also keep in mind the past price targets ranging from 67 to 71 so if anything after hitting 69.42 and coming down to $66 to $67 the valuation is already down. No way this doesnt justify $68 plus. Sure CIBC is said to be overexposed to the housing market but if we use any logic here the shares would not be trading anywhere this high would be as low as $47 to $50. Note i am talking Canadian. Plus the banks are dropping rates in response to cutting the prime rate down possibly a percent or so. I erranously thought the move waa signalling a possible Boc and US Central Bank rate cut possibly in June i dont believe the rates for inflation purposes will drop until September earliest. In any case i see the share value here rising to $68 to $71 as was previously given. Lets see though