RE:RE:RE:RE:Stock price diveBetter guess is SXP is about to raise money through an offering or a bought deal. Part of this picture would be Cormark sending out feelers to institutional investors. To make it happen they would have to do it at a discount to the recent market price. Maybe a nice round number like . . . say . . . $7.
As Bay Street catches wind of this people start selling (or even shorting) the stock with the idea of buying back in the offering.
Who knows, eh? But it all fits with the stock sinking to $7 on no news.
One other thing. You don't need to be a genius to realize that Cormark wouldn't produce such a substantial (recent) report on Supremex unless they were effectively assured that there would be an offering soon. You think they do a big report like that just to make their clients happy?