SHORTS
want to cover (if there is a buyout leak) but not too quickly.
If they panic and cover at once, NOW, then CXR will shoot over
5% in a few minutes and TSX will HALT the stock for 5 minutes or
will ask CXR to put out a press release.
This is why SHORTS are going on their business of covering VERY SLOWLY
not to trigger the 5% (in a shor time) TRIGGER