I guess that just depends on what your definition of shake out is. In my experience when a stock that has run a good amount begins to stall on little volume, MMs love to bring the price down to shake out whatever shares they can. In good cases with strong longs, they won't be very successful shaking many shares, as is the case here.
Whatever you call it, I like the fact that this dip is not drumming up very much volume. Shouldn't be tough to move back north again before long.