Almost certainly, IMHO. A lot of people bought in the 6's and 7's during the sharp spike well away from the trend line as the stock moved to a higher exchange.
Many of those will be tempted to sell to get tax losses for the year. Some will do that even though planning to buy back in, which must be done at least 31 days after the sale to avoid the "wash sale" rule disallowing any claims of losses (which become attached to the new shares until they are sold).
There is often a significant drop in late November (those hoping to buy back after their wash sale period is over in time to take advantage of those selling late in December to claim a loss).
When that occurs there is often a rebound in January as those who sold intending to buy back in, do so.
I always try to keep some "dry powder" on hand in late December to take advantage of dips that are clearly only due to wash sales. I don't buy stocks I'd otherwise not buy, just take advantage of lower prices for stocks I do plan to buy.
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