Ipod I have traded CXY a few times over the past year. It is quite tricky and support can vanish very quickly. It is not helped by having a relatively small turnover of shares and announcments sometimes not being expecially helpful. Easier pickings elsewhere IMO.
I note my sucessful trades have been in the .065 to .095 range. I have had difficulty in the .10 and higher range and sometimes just got my money back less brokerage ... good luck buddy.