So much of what you say there is true but I am not so certain...

So much of what you say there is true but I am not so certain myself that the sp is going to drift down to 1.5. As I say there was a nice bounce of 1.9 today and there was parcel buying( not bot buying ) then at 2.0 and 2.1.

You are right though that in the absence of news share prices can slide.

There are other variables always in play too of course eg random pumps, random / unexpected news, larger players seeing value and wanting to buy in at what is now a solid discount to recent highs and so forth.

As to the buy side looking thin ( but not so thin ) the sell side as you say is looking even thinner.