Q: Hi, With reference to a question - Why did CSU.DB drop $10, on Monday Oct 30th... with no news. I noticed that CIBC World Markets was the broker for almost all the SELL trades. Selling started at $130 after 1 PM and then price dipped to a low of $120, towards last hour. It is possible that there was one large seller, wanting to get out, in thin trading. We actually managed to pick up some debentures at $120. Thanks
5i Research Answer:
Thank you for the 'live on the street' report; the debentures are tightly held so certainly an aggressive seller can move prices. They have recovered $5 of the loss so far today.