Someone, please explain to me…we can CLEARLY see through any stockwatch service that CIBC are gobbling up thousands and thousands of shares, day after day, month after month since April 2009. There is OBVIOUSLY an attempt being made by “someone” to acquire a LARGE number of ONC shares. Yet we see people selling shares at $3.40 only seconds after CIBC purchase 17,000 shares at $3.49. It’s 10:25am mounatin time and already CIBC have net purchased about 20,000 shares today on the TSX.

Just think about it, someone wants ONC in a bad way and OBVIOUSLY has the funds to accumulate…that is called DEMAND. There are only so many shares available that are not sitting in the portfolios of us “longs”…that is called SUPPLY. As SUPPLY dwindles and while DEMAND remains intact we see price escalation. Just look at the chart between April 2009 (when CIBC started buying) and now, the accumulation of shares by CIBC has driven the price up and they are showing no signs of slowing down. WHY ARE PEOPLE SELLING? It makes no sense at all, especially when there are numerous price moving events on the enar term horizon.