Sears Canada Inc SRSCQ

RE: sideways

[bushhog1]

Seems like an organised group is ensuring that trading this stock is only done above $22.00 This stock went up only on speculations that the Company will be taken over and that a share buy-back is imminent. We know that these speculations have not yet occured, but the stock is behaving as if its a done deal. I could be wrong, but I don't feel either one will come to pass. The hype of a buy back is just a renewal of a Normal Course Issuer Bid, extending their intentions to buy back shares within the coming year. SCC been renewing this agreement for the past few years. About Eddie Lampert buying Sears Canada --I can't see that. This fellow made hefty profit for Kmart, by selling off Stores that were losing earnings. Sears Canada is also losing earnings. Sears Canada fits this profile. Oh gosh ! This fellow is going to sell SCC. (not buy it) Do you see why this price is staying above $22.00 He wants a bigger offer.