All the ‘weak hands’ left a long time ago and the share price reflects the fact that they were replaced by people who knew from experience this would be going sideways or down for a while but that good news is coming ‘soon’ or in rest-of-the-world terms ‘in quite a while.
In fact I wouldn’t call it a replacement when the shares dropped by those weak hands are picked up by existing shareholders who don’t feel any need to overpay having learned the hard way.
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