RE:RE:CITIC - It's right in front of your faces!Tweedlede,
CITIC didn't pay a premium. They couldn't buy 20% of the Company on the TSX, These guys know their business, and believe $3.68 share is a good price. Or why else would they put up the money? The TSX is total BS. What do you expect should happen when unrestricted naked short selling, on a downtick, runs rampant in a low volume market? Any stock would get crushed. It's wildly excessive that 42% of trades are short. Even 25% is extremely high. The retail TSX is a complete disconnect from what major players are prepared to pay. That is the very definition of an inefficient market. In order to accommodate multiple trading platforms and high frequency traders, regulators tweaked the rules on short trades and wrecked the market.