Sharky.

As a technical trader you should recognize the pattern here. Bottom of 1.15 hit end of Sept on high volume then taken to 1.34 on buyout rumors. When it became known that CLL wasn't involved in mid Oct short positions increased dramatically and are being covered again now. Notice the increased volume of posts here and especially stockhouse and generally negative in tone. This tells me that the market sentiment is being manipulated in order to try and squeeze some shares out of retailers as low as possible..OPC and other oil sand operations are all being hammered indicates that CLL isn't being singled out..Canadian Oil sands Trust, Nexen and Cenovus have all reported operational problems are effecting quarterly results. Add in the massive attack on the oil sands by the environmentalists led by James Cameron and ALL Oil sand Players are having issues.

What you're seeing now is shorts covering and IMO long positions being taken prior to 2 major event happening within 2 weeks.

The first is the U.S election next Tuesday,, The Republicans are expected to wipe out the Democrats. This will effectively stop the destructive Obama policies in their tracks. The attack on the Oils Sands will end and there will be no cap and tax or other form of carbon taxation. This should boost SP of oil sand companies..

Then the earnings are due week of Nov 10..Considering how much time is being spent on all the boards trying to convince us how bad a quarter it's going to be, they probably won't be that bad..I've noticed a trend in stocks around earnings time. If SP is driven up then the news is bad, if SP is driven down they're usually better than expected..

Time will tell