RE: RE: RE: RE: New support here by CIBCJo, it's not about the retailers buying thru CIBC nor the other houses, but rather the size of the lots that are being purchased (or sold). There's no doubt that when the bigger lots are being bought then you know that it's the instutitions that are buying. You're right, why would I be interested in which houses are buying or selling, but when it comes down to the institutions buying a position then obviously that's a very good signal here or any other stock! In any event, to CNE specifically then, CIBC has now started to build their position and let's see if this continues on Monday!! If you noticed two weeks ago when CNE was @ .32 or so on a Friday, FIRST ENERGY and JITNEY were buying, just as I posted, and then on Monday, news came out and that's when CNE went on to its run.
If you refer back to my previous posts back then, I noticed both houses buying big time prior to that Friday. That was a good signal that something was happening!!!
Bottom line, pay attention to the houses when it comes down to the lot sizing of the buys/sells!! Could see us in the .60 range for Christmas!!!Should be in another phase in early Jan anyways!! George