That's your analysis. My observations from watching stock movement over the last few months is a somewhat *short*er version. Long shareholders are learning how its done... sell off the stock and then buy it back a greater share quantity at a much lower pps.
Some call that capitulation by weak kneed shareholders. Imo my coined term of *capturelation* fits a little better. I'm more diligent since I took it in the *shorts* on previous occasions.
Shareholders beware of all.... and I do mean all.
Spell'n edit
~ A majestic oak took root and grew tall from one small acorn that stood it's ground ~ jt