Post by
hawk35 on Feb 28, 2018 3:42pm
At the low point today ...
At the low point we hit 7.01 for a drop of 1.77 (20.2%). As of 3:35pm the loses have been cut in half. Looks like the press release is turning the tide. We will know for sure in the morning.
Comment by
ronin1 on Feb 28, 2018 3:46pm
We will probalby go back down tomorrow and until ER.
Comment by
Sukhi19 on Feb 28, 2018 3:48pm
Detailed press release will further restore confidence. Institutions who bought at $8.43 and $9.80 for their customers, won't sit idle. Rebalancing figures in the past indicate that institutions have lot of units over $8. Only thing is that they do not invest their own money. but they won't let the shorts run wild with the units borrowed from them for shorting.
Comment by
Sukhi19 on Feb 28, 2018 3:53pm
PS There are some instutions like CIBC and National bank who participated only at $9.80 whereas RBC and Scotia did participate at $6.80 and $8.43.