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Wednesday, April 30, 2014 12:52:00 PM
I am glad to have watched TD constantly move their orders up and down and finally get taken out.
CIBC was sitting there with an order for just under 20,000 shares and TD had just under 50,000 shares for sale. All got taken out and bought up.
It then got to around $1.83 (CDN) and selling pressure came back.
My opinion is the real institutional buyers are doing this properly. Why chase this price up now as they know there are flippers out there who want off their paper. It’s the end of the month (but not the end a quarter).
We are going to be fine.
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