RE: RE: Heading for $120 guido and orepass, you are correct, however what I've come to understand with CP is that there are much larger forces at play. I wouldn't be surprised if there is a "plunge protection team" - Ackman must have a few dedicated people with access to a large pool of cash who prop up the price. Volume is low compared to many US stocks and CP can be easily manipulated. Yes, sometimes they let it drop for a day or so - which brings in a new wave of short-sellers who are then mostly forced to cover within a day when CP "miraculously" moves $5 in two days on no news.
CP is not a regular stock - it's a manipulation vehicle for "Ackman and friends".. they want it higher and they can make it happen. I imagine their goal is to move it up to $120+, close it there for a few days in a row and then announce a stock split. It took me a long time to understand what's happening but now it's very clear.