Post by
qwqw on Jun 12, 2015 9:23am
CIBC
Looks like CIBC wants the whole shebang,they have a 1 mil share bid at 80 cents.
Comment by
qwqw on Jun 12, 2015 9:29am
CIBC didn't want to look too interested in LRE so they lowered the bid to 250,000 shares.
Comment by
wilwal on Jun 12, 2015 9:31am
If they want to take a large chunk of new stock, they aren't smart traders. Haven't they heard of iceberg orders? By exposing such large bids, it puts a bullish spin on the stock causing the price to stay ahead of the bid. Of course, that could be their intention too. They may already be large holders and they want to demonstrate their support to move the price up.