I'm always amused by the conspiracy theories that pop up when a share price goes down. It's always generally being 'manipulated' or driven by people with an agenda who 'want to buy lower'. It's so frikkin lolz.
Guys, people sell for all kinds of reasons and given our massive rise to-date it's hardly surprising. Shorting has dropped to almost nothing so it's pretty clear it's just people taking profit. Keep your tin foil hats and conspiracy theories for the latest pandemic or alien sighting. If you look at any share it pulses in ups and downs and no share sits stagnant at a given price whatever the intrinsic value is.
Why doesn't anyone think the current price fall is due to the fact there is likely to be no price accretive news for half a year or so? I mean it doesn't sound as interesting as some big conspiracy theory that some evil dark manipulators are screwing us over but it makes far more sense and is at least bound in reality.
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