I have been paying close attention to the trading in the last hour or so. Looks like Desjardin, CIBC and Anonymous are trying to hold it down. There was, what seemed to be a cpt program, constantly putting up 1,500 asks which were removed quite quickly.

Don't forget we have app. 2.5Mm shorts who probably didn't short it at a very high price, given that we've been trading under 70 cents for the last 4 months or so.

Also at these level the long term downtrend is in play.

Later