Accumulating... complete BS analysis
No one knows who is buying... longs, shorts, new owners... (you are probably right on one thing Prone: new owners are probably holding more than those who have owned for some time and who have at long last seen the price jump this fall).
But
- there are never more shares bought that sold.
- especially when the SP is stable, it is BS to say that some "accumulation" is going on.
- every time someone is accumulating, someone else is letting go.
- the only time you can notice something positive is going on is when the SP rises on substantial volume.