RE:PriceNot true. I sold a block of SKE today to free up more cash to buy more ORX. SKE is releasing drill results almost weekly and my selling had absolutely nothing to do with their newsflow. I still believe in SKE but I wanted a different allocation for my portfolio.
People sell for all sorts of reasons that may have nothing to do with that stock. I don't believe millions of shares are being sold (likely at a significant loss) because folks aren't patient enough to wait another few weeks for news. It doesn't make sense to tie up so much money in an illiquid stock like ORX to sell days/weeks before a liquidity event (news).