Cheap shares to be absorbed These funds that have been selling and driving our sp south are still in the money as they've financed these shares couple years ago. I think they are almost done and it is being absorbed by stronger hands.
Redemptions are the main culprit, these funds have to liquidate anything that is profitable and unfortunately, us shareholders are the butt end of this sell off.
Not that it really matters but many analyst still have a buy rating on us and all have prices well above our 52 wk highs.
Don't be surprised if managment starts to nibble at these prices.
Stay Long and God Bless.