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Bullboard - Stock Discussion Forum
General Donlee Canada Inc
GDIMF
Industrials
Aerospace & Defense
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GREY:GDIMF - Post Discussion
General Donlee Canada Inc
> CIBC buying above $5.50
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•••
shzant
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Post by
shzant
on Oct 01, 2013 10:25am
CIBC buying above $5.50
I noticed this morning CIBC purchased approx 12k shares at $5.59 and wonder why with the $5.50 offer already accepted by share holders??? Comments anyone??
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•••
misterlaser
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Comment by
misterlaser
on Oct 01, 2013 11:38pm
Someone with their finger on lots of money made a $10,000 mistake. It's rare for people with money to make mistakes because they turn into people with no money very quickly, but it does happen. The trader had intended to make a 1 cent turn on 100,000 shares now that the payout was certain. They took the $5.50 bid price and attempted to decrement it by one cent. However, such a simple
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