Testing 30 can$2 weeks away from Brexit vote, its tempting for the stock to test the low 30$C, and its tempting to sell and wait it out.
The problem with that strategy is the stock will suddenly jump back up and then its too late to jump back in.
two assumption: traders believe britain will vote "remain" and Appolo group is still interested. CXR can pop up at any moment before reaching its low. Short and scared long are playing a dangerous game selling at this level