RE:RE:RE:RE:RE:Disappointing news! CIBC downgradeThe timing of this is definitely suspicious. I was already thinking they are setting up to shed a positive light after the Aug 1st earnings get released and this makes it even more likely imo. I can't see this going to $6.50 pre earnings and then dropping even further. Just looks like they needed an excuse to scare more people out of shares because retail selling dried out. It doesn't make sense to downgrade one of the most undervalued players 6 days before an industry record is set for highest revenue. The objective of the MMs seem to be capitulation and if they're attepting that pre-earnings I expect a big bounce after.