To regard that selling as an act of significance repeats the error of the seller.
I wouldn't necessarily agree on that statement because as you know there were many examples where it was very very PRUDENT to see this abnormal trading behaviour as significant. In fact those who were able to give it significance, came out alive on those other examples, others did not if I may say so. I believe you yourself were in a few of those so how can you make such a confident statement here after all you have been through in this space??
That said I don't believe for a second that this is mostly retail selling down here. I mean I was expecting them to take it down further if no news hits during the summer and I said so here. That was one of the reasons why I sold a bit more than a third at 43 but to see them taking out these big bids is very uncomfortable at these levels, even if I only have a small position at the moment.
Aren't you surprised about the weakness? Just 2 days ago you said you expect a huge upswing any minute. The chart now turns very bad again after it looked like a possible short term double bottom could be in play. Not anymore I guess. Unless news hits on friday or monday.