How about this theory...... Sentiment changed due to expected...

How about this theory......
Sentiment changed due to expected news (for some), wasn't forthcoming early in the year, therefore holders with shorterm mindsets (for whatever reason) begin to exit.
Then throw in a couple of 'above average' option holders (seen 2), convert and immediately sell..... hitting stop losses of those that use them....and further lowering sentiment to shortermers and those that don't like seing red on their ledger.
It seems obvious to me, this particular downtrend is more TA linked than FA.....just like the downtrends while we were RSL/SRT. No doubt there will be others, its the way of the market, especially this spec end. Get used to it...... A man walking up a hill with a yoyo.
Cheers,
Mick.