I think we've all been mistaken on how tight those institutional holdings are.. I think many of them are trading in and out of those shares regularly, and in doing so, increasing there holdings...buying back cheaper.. Who do you think is trading all those shares everyday? It's not just the JoeNat's of the world.. Hence the selloff we've seen since $22.30, but the support we've seen in the $14's and $15's.. They're not simply buying and holding, at least not all the institutions IMO..