RE: Reason for Decline? I am long on Ithaca and confident long term but, based on the trend of the last few days, I expect some disappointing guidance with the Q1 results on May 13th. Leaks often drive the market in the days prior. Peters & Co., a broker based in Calgary, is liquidating a large position toady and is largely responsible for the drop in the 1.50$'s. GLTA