RE:RE:RE:RE:RE:RE:RE:RE:Cibc buying nonstop maybe institutional buying?They are just on the accumulation phase. They do not want the sp to run but they want to buy as many as they can hence the iceberg buying. I do not think CIBC will want to flip their shares soon. Not until we reach .70 at least. The PP shares will be out soon and it appears like N is holding news releases for that big day. The support is at .25 this time and if this support level holds up until next Friday then we will surely beat the 52 week high. If that happens then we are off to the 70s. Three to four days of coordinated news relases after the PP shares becomes free trading should be enough to send us to the 70s.
Just my opinion.