Mark Bourrie's Canadian politics news blog.
And the bloodletting maybe just starting.http://seekingalpha.com/article/76420-and-then-the-bottom-fell-out-of-torstar?source=feedBut today’s action reflects something different. A darker mood. A 500,000 share block traded this morning in and around $13.13. That’s a big cross for this name, and the stock didn’t trade up from there. Normally, when a capitulation trade comes to pass, the stock bounces up in the hours that follow. That didn’t happen today. ;-(What that means is this: Torstar shareholders and Bay Street prop traders don’t think the beating is going to end just yet. As a result, the stock closed below $13 for the first time since I started watching the quote circa 1997
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