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Bullboard - Stock Discussion Forum RONA inc. Cumulative Floating Rate Series 7 Class T.RON.PR.B

TSX:RON.PR.B - Post Discussion

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Post by drd8 on Nov 07, 2012 4:07pm

a concerted effort...

Every U.S firm on the street is selling a 100 shares at a time.  rarely do you see such a concerted effort to tap down a stock.

Morgan Stanley, Citigroup, Merrill Lynch, Credit Suisse, Barclays...all selling little bits by bit.  my guess is Lowe's giving their Advisor/Banker pals a mandate to keep the share price range bound down here and will launch a hostile bid...stay tuned.

You listening ROna!

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