So who is selling shares and driving price down??OK Do you think Blue Sky is a popular stock? No? Then who had 373,000 shares to sell today? I don't think it's the average joe retail investor. So I think somebody wants a reduced share price so that small retail investors will let go of their shares. So I think this is by design so that more shares can be bought for a song. Meaning that a surprise may be coming down the road in the not to distant future. And that is a good thing. Buying and selling is just that. Each of us has to, for whatever reason, decide to buy or sell. Da. I know. But when demand exceeds sellers something has to give as in a rise in share price.
But the share price will rise in firm fashion when the seller psychology is gone. So, in days like today, the nervous are releived and have sold their shares. The basis for a good price rise gets better when the psychology is better. If you bought for a good reason, then sometimes you have to emotionally disconect. Now if this was nothing more than a lame company and management, then I would be concerned. Don't think that is the case.