Steve this argument has been made for months. Each sell goes into stronger hands who aren't selling.
So, if that is true the stock price would be increasing, not decreasing as it would be reducing the supply.
So, if what you say is true, then the demand is dwindling faster than the supply and those buying them up, calling themselves "stronger hands" would really be bag holders wouldn't they?
I mean, if the price continues down and the shares keep falling into fewer and fewer hands who refuse to sell them then what you are seeing is an orchestrated exit from the stock by the majority while the minority buy all of them up.
And the buying and placing into stronger hands results in little more than averaging down and an inability to get a hold on the share price.
So, the few who think they are somehow locking up shares still can't turn the declining share price around so what they are accomplishing is really just being the piggy bank for those who are selling stock.
If the demand was outpacing the supply the stock would be going up. Simple investing 101. That has not been the case here. Demand is weaker than supply no matter how many shares these select few "strong hands" buy up.
But, it sure makes people feel more secure if they think the shares are finding their way into hands of "true longs" who won't sell them eh?