RE:CIBC dog, the selling is derived from :
retail investors - momentum traders- stop loss traders- retail investors- momentum- stop loss traders....
these people have been changing roles again and again every day during the last 4 months.
from bid to ask from bid to ask and again and again....
this chain is going on as long as they can not "see" the new improved balance sheet (pro forma Maurel) and they are incapable of doing some simple math to realize the huge fundamental improvement.
and they are in denial to stay with the facts (high ownership, HRT, Ecuador etc. etc.)