I have just had a look and CXY seems to be well supported at this level and the sellers are very thin, so who knows. However very few have traded below 3.6cents on moderate volumes following the first hour today. The expected drop may have played out if the 'sophisticated investors' see value in holding. They may well be accumulating as suggested by others on a down day.
Of course it is pure conjecture, but I would be looking for a much greater profit in the days ahead if I were in their position.
esp.
I have just had a look and CXY seems to be well supported at...
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