No reason other than the 7.2 million in distribution in the last week ?
Didn't know they'd turned loose the poo flinging chimps over at Yahoo. Not sure it's even worth the effort in looking... as it just makes you feel dirty to have to wallow in their crap over there. Otherwise, I agree there's no reason to see the selling in DHT that you do now... but, there it is. How often is it rational when you see people making the choices they do about money... because of chimps flinging poo ? Someone ticked they'd missed the trade... now willing to pay the poo flingers to create an entry ?
I'd rather it be true that someone anticipated the recent bad days in the market... which still probably wouldn't explain a straight line trade of more than 10% of the OS in 7 days ? Might be interesting to find out who it is selling... that % ?
Or, you could posture, as some do, that "what people post on the internet doesn't matter" while you see the poo being flung at Yahoo... and see it have the impact it isn't possible for posting on the internet to have ? LOL!!!
Just as likely someone who bought in January is taking profits... and, when they're done doing that... buyers will step up again.
I'll wait to see a re-entry point shape up on the charts... expect that's likely around the 50MA... but, we'll see. Doesn't seem likely anyone is working to hurt the stock... rather than trade off the peak. So, wait for a re-entry. Buyers shouldn't feel overly compelled to buy while sellers are that ready to drop the price day after day... letting you get a better deal by being patient. Bad days in the market don't help... or, at least, I'd rather see them happening after the stock is already making a nice bottom... to get that little extra bit...