Its all psychological, they sold, but they cant move on. They have to make sure, or do all they can to make sure the stock doesn't take off without them.
So they can feel good about "being right". Because if the stock takes off with out them, they ll be immersed in their own misery.
In case anyone has any doubts. Again, I point out the massive accumulation that has been going on for weeks now. Which should tell someone who is reading between the lines, that something is going on behind the scenes.
Nobody accumulates billions of shares on a whim.
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