I've already got a million at 4.8 cents the other day, so I sympathise with the wait and see strategy. Those large bids at 4.8 and 4.6 are mine, so i can hardly disagree with you lot.
If they get hit I'll put more on, so think of the floor as being around 4.5 cents. I think there still might be a few distressed sellers out there yet, especailly if this plunge today maintains for a day or so.
Either way, CXY ain't going anywhere till 2009, so as I siad in the headline title "give up".
It just means we will have a twenty times multiple for next year thats all. My target for the end of 2009 is a dollar a share, and I expect it to hit that before the year end and then go back to it.
CXY Price at posting:
5.8¢ Sentiment: LT Buy Disclosure: Held