there could be another explanation
what if the story is so good that all us Ma and Pa shareholders have bought what we could afford over the past 6 months and we don't have any more money to buy ?
I know I am one of them (a Pa rather than a Ma). I can't just keep buying more when the price drops as I only have X amount in my portfolio.
The only buyers left may be the instos and they will wait for certainty of flows and 2P reserves
Z