GREY:CPMNF - Post by User
Comment by
MakeMyDay2on Aug 09, 2011 10:32pm
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Post# 18924558
RE: down
RE: downYou are right about margin calls, they must of been an arm and a leg of those in the last few days and that hurts the SP.
Also, In these kind of markets, the buyer just have to place a bid and wait 'till a dumper hits him. This happened today when I witnessed a 70,000 shares bid got hit right away by TD. Normally, to buy 70,000 shares at this price, you have to chase the sellers a bit ... and then the SP goes up !!!!!!!
Also, we had BMO Nesbitt that dumped alllllllll day. They were not the only ones but everytime I looked at the recent trades board on StockWatch, BMO was selling. I am not a member of StockWatch so I cannot have access to all the trades but I am curious to know how many shares BMO sold. With a big dumper like that, no wonder the SP has a hard time climbing. If we can get back to a " normal day " where there is no major dumper, watch the SP go back up.
We all have to keep in mind CHM still have all what it takes to become a great success story !!! Getting close to 2 billion tons and staying for a while below $1.20, nope, not in my books ... !!!
JMHO