Another hypothesis might be that some longs sell not because they have given up mentally or emotionally but because they have encountered some kind of personal or financial crisis. Hypothetically, of course. For example, a legacy large shareholder might have a serious personal financial crisis and have to liquidate all their assets--WSGI included. In such a situation I think all of us would say family first and wish them better days in the future. I do agree that our fortunes as shareholders rise and fall together and I think we would all suffer a SP drop in such a situation. In such a case, their desperation would be marked by the urgent necessity of selling large holdings into record low SPs.
I am not saying that is the case here for sure, just a possibility from the data I observe. I don't know, and I am not sure anyone knows, if such a large liquidation causes short term or long term harm to SP. I am just saying there are other possible explanations for our present SP than LJC or MM manipulation, shorters and even despair among our longs. I find SP to be a delightfully complex equation that certainly is difficult to predict.
Insighter, I would just encourage you to consider all the reasons our longs are clearly "long suffering" in every sense of that term. You have every right to exhort them, but I find their well-earned cynicism to be a voice of wisdom in my enthusiasm for WSGI and its potential. Our recent sellers may deserve better than being called any of the names you used--JMO. As I said, I find I can learn much life wisdom here from our long suffering longs, whether the cynics or the boosters. I find our community works better without name calling IMO. Just offering a friendly and polite counterpoint, IJO
