Fair question but see the statistics posted yesterday of buys vs sells!
Why always a takedown in my vernacular?? Because there is ZERO NEWS unless it’s privvy information which again is illegal to act upon; hence the share price goes up on POSITIVE NEWS, EARNINGS AND OUTLOOK PROVIDED BY MANAGEMENT OF A COMPANY!
To lose 9 points rapidly without an iota of bad news is a TAKEDOWN and a Shaking of the tree to cause FEAR & TREPIDATION!
Stocks or securities go up or down based upon various criteria such as earnings, analysts projections, market sentiments and news flow!
Hope this answers your inquiry but IF YOU ARE A SHAREHOLDER, why aren’t you asking the same?
Bull-markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria .. Sir John Templeton
Make your Life a Mission .... NOT an Intermission. † §|PL1|§