IMM CHART / SP, page-103

Pip traders and short termers are normal, not worth worrying about, imo.
The share trading pattern changed after the AIPAC results update in Dec 2020. Since then we have seen a general accumulation pattern which looks more like serious funds accumulating on the underlying fundamentals and general interest in getting on board with promising Immuno Oncology stocks
I think weak hands and stale holders have been flushed over the last year or so and we’ve seen more go down the gurgler since the capital raise.
How well the new hands hold through a rise remains to be seen. But I expect as news and de-risking keeps coming and Lag3 builds, more strong hands will hop on out weighing the sellers. I’m hopeful anyway!