CIBC did the damageThis trading pattern was the same as CTQ ( Corriente) when it was bought out. CIBC really manipulated the SP down today and caught a lot of Stop losses and nervous nellies. Nothing has changed with DNT. With a lot of these take over target, like DNT, often what happens is the company doing the take over will try and buy as many shares on the open market as cheap as possible to cost average down. Why pay $5 when I can pay $1.50. If you noticed, volume has really picked up the last two weeks. Who do you think is buying? Looks to me that CIBC will push this down and my speculation this that the take over company is buying as many shares as they can before they announce a deal. Same thing happen with CTQ. To me this is a very good sign.
Cheers
Chester