Of course not.
Agnico is down because of problems with two of their properties, one of which is simply unstable formations that may jeopardize safety. However, to say that there is no downward pressure from shorting, when 25% - 45% of share volumes traded on AEM is short selling, is myopic. AEM is considered to be well managed by industry standards, but 2011 was a bad year for them. Regardless, they are still profitable and just increased their dividend paid to shareholders.
Regarding whether the share price goes lower, I did not claim to know where it was heading, but thanks for your offer.