If anything someone operating with profit in the same space...

If anything someone operating with profit in the same space provides a basis of validation for the business. You have to back the company now to deliver and capture market share moving forward. If you’re happy with them to do that then a dip in the SP is an opportunity rather than a negative. As others have posted before I doubt the soph’s are bailing at a 10% loss after ~3months of investing. More like retailers who have gotten bored and seeing other plays fly taking a loss or some holders who were in last year taking small profits now and sit on the sidelines waiting for a reversal.