Things you don’t know aren’t necessarily secretsDo you think there is a single investment house or bank brokerage that wasn’t 100% aware of the delisting when they were buying at 0.79 or whatever?
Just because you’re clued out about something doesn’t make it a conspiracy. It was a forgone conclusion that this would happen. Sorry, if you’re surprised or expected a deal (letter of intent) done by now (wishful thinking).
marcoll: Your faith in charting let’s you get led around by the nose. You or kbash asked why the SP was bouncing off the 50? Because the usual suspects can read a chart too and put up walls to manipulate the SP to conform to Bearish Dark Cloud Cover or whatever colossal bullshit nonsense suckers will believe.
If you weren’t wasting your time bashing here and had paid attention to the index listing requirements you could have got out at .80 instead of the .70 you might get next week. So, yeah, good luck.
Day traders get chewed up by the CIBC/shorter manipulation machine. Sorry.
I’m long so we’ll see where we are in a year and re-evaluate.
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TSX Composite Index Listing Requirements:
There are two market cap eligibility requirements:
1) the weighted average price the security traded at over the last 10 trading days of the quarter (which is when they make additions to the index), must be equal to at least .05% of the index.
2) the security has to trade at at least C$ 1 over the past three months, and over the last 10 trading days of the quarter.
There is only one liquidity requirement:
1) measuring liquidity as the total number of shares traded in Canada and the US over the last calendar year, divided by the float-adjusted shares outstanding at the end of that calendar year, the security's liquidity must be 0.5.