Buffett and Selmax,With my very limited knowledge would I be...

Buffett and Selmax,

With my very limited knowledge would I be right in saying that as the price range today (at least until the drop) was very narrow swinging between 12 & 12.5 and sometimes upto 13 indicated that there were fewer new buyers entering into the market and that what we were seeing was the day/short term trades playing between themselves? And that the drop was mainly due to these players taking profits?