The core of long term investers admittingly manipulate the pps
....might be not be true or might be true..but the same investors involved in those actions imo are also intelligent enough when to stop their manipulations when they find that they no longer have the same effect!.
If the PPS reaches at least its par value or intellectual appraisal value or the other revised value...there will be no bag holders as even they would be seeing green in their accounts..so if they are green the rest of the investors who got good deals at present prices will be more greener!.
you have a different definition of Bagholders then me. Bagholders is commonly used for shareholders that left with a bunch of shares of a company that has become worthless and nothing more then a shell.
In our case, it's normal course of trading action. That's how investors build portfolios. You can never buy in at the lowest and sell at the highest.