I sent a e-mail to James Lorimer today.I asked him for his comments in regards to the stock dropping in price over the past few weeks. I mentioned that I was worried that we had not seen the bottom yet.
This is his response:
"
I don’t (have a comment)– most of the selling today was out of CIBC. They typically haven’t been active in our stock (other than in August when I think a fat finger bought the wrong stock, CIBC bought 75,000 shares one day, then turned around and sold the next day).
Unfortunately, I think its largely lower volumes in the last few days, and we are in that quiet period before releasing Q3 results in November. Hope that helps a bit… we remain focused on all the business initiatives we talked about with Q2."
Looks like today there was a bit more volume, IMHO.
So, "steady" as she goes, I guess.
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