I think what I find frustrating is that the buy side is so much...

I think what I find frustrating is that the buy side is so much deeper in both the number of buyers as well as the quantity of shares sought after. But still small sellers come along and take the highest bid on offer, the buyers immediately all drop their bids so when the next set of weak hands come along the price drops again. If this were people in a "real" market place and there were crowds of buyers hanging around with their wallets open and the guy on the barrow was selling his very limited supply of rare merchandise. I'm pretty sure any trader worth his salt would quickly read the room and raise his price. Not our sellers though, oh no, they see a room full of eager buyers and take the first low offer that comes up for goodness sake! Haven't they noticed how if they just hold tight for a short time that the bids go higher?
Hope you are right @adreamer and the floor firms up soon, I still think that some pressure on the SP is due to oppie holders cashing up some heads shares to bank roll the conversion cost. If so, IMO the SP floor should firm a bit after the cut off date of the BPay finish date in May. That's if we don't get some news before then of course.