erythrite, it's about MMM. all the drops we've seen in premarket were engineered imo to panic an already edgy market. look at the tape. the downtrends came on 500 share walkdowns. very few blocks were sold as the stock was trending, and many more blocks were accumulated, once the pps stabilized.
the bigger players here are waiting on the sidelines to see how many more weak hands can be separated from their shares. why should they step in right away when they can hang back and let retail hang themselves?
this is how what might read purely as weakness to you can be seen by me (and many others here) as accumulation, and consequently as bullish. jmho.
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